Covid-19 Resurgence Payment
Friday, March 5th, 2021
The Resurgence Support Payment is a new payment scheme launched to assist small businesses to cover expenses such as wages and fixed costs, when there is a move to Alert Level 2 or above for a week or more.
It is not a loan, so it does not need to be repaid. The payment includes a core per business rate of $1,500 plus $400 per employee – up to a total of 50 FTEs (maximum of $21,500). Firms that experience a 30% drop in revenue over a 7-day period may be eligible.
Revenue is compared to a typical 7 day period in the 6 weeks prior to the change in alert level. Seasonal businesses should show a 30% revenue drop compared with a similar week the previous year.
There are two Resurgence Payments available as follows:
- The last day for applications for eligible businesses affected by the previous change in alert levels (from 14 to 21 February) is 22 March 2021.
- Eligible businesses affected by the alert level changes that started on 28 February 2021 are able to apply from 8 March 2021. Applications will remain open for one month after a nationwide return to Alert Level 1.
Businesses are able to apply for each round of the RSP, if they have experienced a 30% revenue loss as a result of both periods at higher alert levels.
Applications are to be made through the business or organisation’s myIR account.
To find out if your business is eligible and calculate the amount you would be entitled to, visit the Inland Revenue page on The Resurgence Support Payment and talk to us. We are here to help.