Businesses affected by higher COVID-19 Alert Levels will be able to apply for further Resurgence Support Payments (RSP), the Government announced today.
“The Government’s RSP was initially intended as a one-off payment to help businesses with their fixed costs, such as rent. Ministers have agreed to provide additional payments to recognise the effects of an extended period of alert level restrictions,” said Finance Minister, Grant Robertson.
“This will provide cashflow to businesses and support them in meeting their ongoing obligations as we come down Alert Levels and while Auckland remains at higher Alert Levels than the rest of the country.”
Applications for the next RSP will open on Friday 17 September. Ministers have agreed that there will be another two payments after that, three weeks apart, so long as the conditions that trigger the RSP apply, Mr Robertson said.
“The payment and eligibility criteria to qualify for the RSP remain the same, including that those applying must experience at least a 30 percent decline in revenue over seven days (for this payment commencing 8 September) as a result of being at Alert Level 2 or higher,” David Parker said.
The payment includes a core per business rate of $1,500, plus $400 per employee, up to a total of 50 full-time equivalents (FTEs) which is a maximum payment of $21,500. Businesses with more than 50 FTEs can still apply but cannot get more than the maximum payment.
The scheme will be available until all of New Zealand returns to Alert Level 1 for one month.
Inland Revenue has encouraged those applying to ensure the accuracy of the information they provide, as any inaccuracies could delay processing of payments.
“The economy is operating above pre-COVID levels thanks to our strong public health response. These principles will continue to guide our approach to supporting the economy, businesses and workers at this challenging time,” Mr Robertson said.
For more information on COVID-19 business support measures, including full eligibility criteria: