New business support package for the North Island Weather Events recovery

The Government has announced a new package of financial support for businesses, orchards, and farms affected by the North Island weather events in early 2023. Read the media release on the Beehive website.

It will be available to businesses in Northland, Auckland, Waikato, Bay of Plenty, Tairāwhiti, Hawke’s Bay, Tararua, and Wairarapa.

The package includes:

• the North Island Weather Events Loan Guarantee Scheme that will enable commercial lenders to provide loans to highly affected businesses across all sectors with more favourable terms, such as reduced interest rates. For more information, see North Island Weather Events Loan Guarantee Scheme. 
• the North Island Weather Events Primary Producer Finance Scheme that will provide concessionary loans and equity finance to severely impacted, land-based primary sector businesses. For more information, see North Island Weather Events Primary Producer Finance Scheme on Kānoa’s website.

The schemes are expected to open at the end of July 2023.

See the related document: