Better Access to Capital


Access to capital is one of the biggest issues holding back small businesses from getting ahead and limiting the creation of new businesses.

National wants to remove barriers that are limiting access to capital for new and existing businesses.

National wants New Zealanders who have lost their job have a better opportunity to start their own business. National believes Kiwis who have lost their job but have a bright idea should have access to their own money to start their own business.

National’s BusinessStart package will:

  • Make available to all Kiwis who have lost their job since 1 March 2020, or those who lose their jobs in the months ahead, a $1000 voucher for them to get proper financial advice from a Chartered
    Accountant or Registered Financial Adviser on their ideas, and put together a viable business plan.

Once those business plans are signed off, BusinessStart recipients can access:

Up to $20,000 of their own money from their KiwiSaver account to help get their business going.
At least $10,000 in tax credits to pay GST or provisional tax when the business starts making a profit.
A waiver from the Company Office registration fee of $130.
Free mentoring from advisers like chambers of commerce, employers and manufacturers associations and Business Mentors New Zealand from a new $10 million contestable fund.

As well as BusinessStart, National will also increase access to capital for small businesses by:

  • Implementing a business continuity test (rather than ownership test) to allow the carry forward of tax losses.

  • Encouraging KiwiSaver providers to invest a small portion of their total funds in appropriate private equity/expansion capital opportunities involving New Zealand companies.

You can read our full Small Business Package Factsheet here.

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