I have not received the full amount I requested. Why not?
Demand for business support grants well exceeded the available funding. All applicants received less than they requested to enable the funds to go further and support as many local businesses in need as possible.
How was the amount determined?
Approved applications received 43.83 percent of the financial support sought, plus GST.
This percentage reflects the demand for grants well exceeding available funding.
This amount is not enough to help my business at this time. Can I apply for more?
No further Government funding has been announced for Tairāwhiti businesses.
Trust Tairāwhiti continues to advocate to Government on behalf of businesses for further funding to meet the demand.
Are any businesses excluded from receiving support?
Businesses that are eligible for or have received funding through the MPI recovery fund will not be eligible to receive support through this package.
I have received an approval letter. When will I receive payment?
Payment may take a couple of days. If there are queries with the bank account details provided, it may take longer.
What are the tax requirements on this payment?
Small business grants are GST inclusive. If you’re a GST-registered business that has received a Government grant, you are liable for GST.
Sole traders or self-employed applicants should contact their accountants for guidance on tax obligations.
Why has my application been declined?
It could be for a few reasons:
- Incorrect or insufficient information provided.
- The application did not meet the criteria.
- The amount requested was assessed to be disproportionate to the actual losses.
I disagree with this outcome and would like my application to be reconsidered, is this possible?
No. As stated in the application Terms and Conditions, the panel’s decision is final.
Who assesses applications?
They are assessed by an independent assessment panel, with representatives from business, local government and iwi. There are no Trust employees or Trustees on the panel.
I know other businesses have received payment and I am still awaiting a response. Why?
Applications have been assessed in batches as received. You will be notified once your application has been assessed.
Please do not call Trust Tairāwhiti, we can not provide information about your application over the phone.
