We are now at Alert Level 1 in our ongoing fight against COVID-19. Under Level 1, all of Taranaki’s businesses are able to open without restriction and all Venture Taranaki employees are back in the office during Level 1.
 
As Taranaki’s regional development agency, Venture Taranaki has been focused on helping the region’s enterprises manage the impacts of COVID-19 restrictions. This work has seen our interactions with enterprises increase by over 300%. We’re still here to help, and encourage you to reach out to us if you would like support. Take a look below at the services available, and get in touch at business@venture.org.nz
 
We are ramping up our recovery focus, and implementing our regional tactical plan to help Taranaki’s economy regain its momentum.

 


Venture Taranaki's COVID-19 enterprise support response update

To date, Venture Taranaki have conducted 3937 COVID-related interactions with enterprises, and have issued a total of $678,100 in funding across 710 approvals. We have also issued $117,033 worth of our regular growth and capability funding, bringing the total financial support for Taranaki enterprises to $796,133 since the lockdown and various Alert Levels. It’s encouraging to see enterprises still pursuing growth and development at this time.


Venture Taranaki COVID-19 Support

If your enterprise has been impacted by COVID-19 and you are wanting to access advice, funding or other support to help you navigate these impacts, you can talk to a Venture Taranaki Enterprise Advisor, who will help you understand and access the help that is available to you.
 
Please complete the enquiry form by clicking on the button below to submit your request for support and one of our staff will contact you as soon as possible.
 
If you are not COVID-19 impacted and looking to start or grow your enterprise, click here to access the range of services and support on offer from Venture Taranaki.

Ahead of the curve - A webinar series

Venture Taranaki have launched a new webinar series, ‘Ahead of the Curve’. Aimed at supporting the Taranaki business community during COVID-19 and beyond, the series will host different industry and technical experts to support our community and provide critical information and expertise as we transition through the levels of restrictions and begin our regional economic recovery. 


Government support for impacted businesses

The Government has announced a comprehensive billion package to help manage the economic impacts of Covid-19. Within this is specific support available to enterprises who may face laying off or reducing staff hours because of COVID-19. 

If you are an employer, contractor, sole trader or self-employed you may qualify to get the COVID-19 Wage Subsidy and/or Leave Payment.

When you apply you will need to provide your IRD number, business name and address, names of your employees and their IRD numbers, and contact details for your business and your employees. Processing and approving applications will happen as quickly as possible - the aim is to make payments five working days after required information has been received – but this will depend on the volume of applications received.


New report forecasts COVID-19 impact on regional economy 

A new forecast for Taranaki’s regional economy for the next 12 months finds the economic impacts of COVID-19 will create the greatest economic shock in living memory, and could have a significant impact on the region.
 
The report, commissioned by Venture Taranaki and New Plymouth District Council, and undertaken by economists Infometrics, anticipates a 8.5% contraction in regional GDP for the year to March 2021 – slightly worse  than an 8.0% drop forecast nationwide, while jobs are expected to decline 9.5% in the region, against a 9.8 % drop nationally. 

Read more about the findings here. 

View the report here

Watch Infometrics’ Brad Olsen discuss the key findings of the report, and implications for the regional economy here.

Tracking the impact of COVID-19

Venture Taranaki is monitoring its data channels in real time to determine the impacts of COVID-19 on the regional economy and our enterprises. We’ll present data from a range of sources as it comes to hand, helping you form a robust picture of the impact and benchmarking pre-lockdown performance.

  • Through April we undertook a comprehensive survey of local enterprises to gauge the impacts of COVID-19. Vuew the full survey results here, and analysis here.
  • We have commissioned weekly updates on regional retail spending and transactions, contrasted to the same period last years. View the reports here
  • We have also released a number of statements on particular aspects of the regional response and recovery. You can view these here
  • To receive regular updates from Venture Taranaki, sign up to Enterprise News by clicking on the mail icon at the top of the screen. 

Thank you to our professional services partners:

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Useful links for up-to-date information on Covid-19:

GOVERNMENT COVID-19 WEBSITE

An All of Government website has been established to centralise COVID-19 info

Government's $12.1bn economic plan

Details of the Government's $12.1 billion plan to cushion the impact of COVID-19

Business.govt.nz

Information for businesses from the Government's business.govt.nz site

INFORMATION FOR EXPORTERS

This site is a resource for NZ exporters to help them mitigate the impacts of the COVID-19 pandemic.

Work and Income: support on offer

Practical steps, details of income and wage subsidies, and how to apply.

COVID-19 (novel coronavirus) updates

The Ministry of Health's central page with information on Coronavirus Covid-19

Supporting Māori communities and businesses through

The Government’s plan to support Māori communities and businesses in the face of COVID-19.

Ministry of Health advice on Public Events

COVID-19 - Advice for public events and mass gatherings from the Ministry of Health

Guidance for employers & employees

Employment NZ's central page with info on managing Covid-19 in the workplace.