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Business incentives

There are a variety of grants and incentives available to help you to develop and grow your business activities in Wellington.

Innovative Health Science Sector

Science Investment Round

The Ministry of Business, Innovation and Employment invests in science and innovation projects that deliver benefits to New Zealand through the Science Investment Round.

They will be investing up to $32 million per annum through the 2015 Science Investment Round for various projects focusing on targeted research and smart ideas.

Financial guarantees for exporters

New Zealand’s official export credit agency, the Export Credit Office, sells a range of New Zealand government backed trade credit insurances and financial guarantees to assist exporters or their international buyers’ access to credit.

They work closely with exporters, their bankers, bond providers and international buyers to help exporters be more competitive to secure export sales.

Capability training

If you’re looking to grow your business, you may be eligible for a Capability Development Voucher from New Zealand Trade and Enterprise to go towards the cost of capability development and training.

This can be of huge benefit to your business in the following areas: 

  • Business Planning and sustainability
  • Finance and raising capital
  • Exporting
  • Lean manufacturing
  • Marketing
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Regional opportunities

A new regional incentive opportunity was announced in December 2014 for businesses to set up in Upper Hutt, just a 30 minute drive from Wellington’s CBD.

The Upper Hutt City Council’s Economic Development Stimulus Package offers grants of up to $80,000 for relocation, retrofitting and earthquake strengthening of commercial premises.

The package also eliminates fees associated with building and resource consent for new commercial and industrial developments as well as removing rates for significant new developments for three years.

Callaghan Innovation

The government offers business research and development (R&D) funding, managed by Callaghan Innovation, which aims to accelerate commercial innovation in New Zealand.

The Callaghan Innovation offers training, advice, research and technical services, as well as funding to help create a competitive advantage for your business.

Callaghan Innovation distributes more than $140 million a year in business funding, through three different programmes:

  • R&D Growth Grants – aimed at businesses experienced in research and development in New Zealand
  • R&D Project Grants – designed to support businesses with smaller research and development programmes and business new to research and development
  • R&D Student Grants – to support students to work in a commercial research and development environment to bring greater capability into businesses