Qualifying for funding
To access the subsidy for registered training, you must meet the following criteria.
You must:
- have undergone a discovery session with a Regional Business Partner growth advisor
- have fewer than 50 full-time equivalent employees
- be registered for GST in New Zealand (this applies to one-to-one training only)
- have a New Zealand Business Number (NZBN)
- be operating in New Zealand
- be operating in a commercial environment, that means you are currently trading; and
- be a privately owned business, or a Māori Trust or incorporation under Te Ture Whenua Māori Act 1993 or similar organisation managing Māori assets under multiple ownership.
You should also:
- have the potential and desire to grow
- demonstrate commitment to improving their management capability, such as seeking advice, working through the assessment process, being willing to contribute to the cost of training, and commit time to capability-building activities
- have an identified gap in your capability that can be addressed through management capability building and training.
The subsidy is only one of many services that the growth advisors can connect you with to help grow your business.
Allocation and cost of the subsidy
After you register with the Regional Business Partner Network, a local growth advisor will get in touch with you to set up a discovery session.
This is necessary to find out what opportunities for growth there are for your business, and to help identify any barriers to growth. The growth advisor will work with you to put together an action plan.
During the discovery session, you and the growth advisor might identify that there is a gap in your management capability. To fill this gap, training from a registered service provider may be suggested by the growth advisor.
If you are eligible, they will organise for the subsidy to be provided to you to use for the training. Training can be in the form of one-on-one, or group delivery. A growth advisor can help you identify which style of training will be best for you.
If training is required, the growth advisor then makes a shortlist of suitable matches among our registered service providers, which the business owner can choose from.
The value of subsidy issued will vary and can be used to cover up to 50% of the training service cost, up to a maximum of $5,000 per year (excluding GST).
Got any questions? We'll be happy to help.
Learn more about how the RBP Network can help you. Contact the team
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