BUDGET 2020.

The NZ Government has just announced $230 million for encouraging entrepreneurship and “risk-taking”. This includes $150 million to provide loans to R&D intensive businesses, with a cap of up to $100,000.

The scheme will be up and running by early June, with details still to come on the loan interest rates, which are quoted as being offered at “favourable terms”. $80 million was also announced to encourage businesses to develop new products by enabling them to claim tax deductions for unsuccessful or abandoned assets.

Formworks is an Approved Research Provider (ARP) with the IRD. https://www.classic.ird.govt.nz/research-development/rdti/approved-research-provider-list/#f

You can find information on the Callaghan Innovation Grants in the below link:
https://www.callaghaninnovation.govt.nz/grants

Getting Started Grants
Are you in the early stages of R&D? The Getting Started grant will help take your product, process or service from development to commercialisation.
https://www.callaghaninnovation.govt.nz/grants/getting-started-grants

Project Grants
Is your business new to, or trying to expand your R&D? A Project Grant can help you take on larger or more challenging R&D.
https://www.callaghaninnovation.govt.nz/grants/project-grants

R&D Tax Incentive
The R&D Tax Incentive (RDTI) helps a wide range of businesses to undertake more R&D, which in turn grows New Zealand’s knowledge economy.
https://www.callaghaninnovation.govt.nz/grants/rd-tax-incentive


Get in Touch

If you would like to get in touch with us to discuss how we can help, please enter your details in the form below so that we have a better idea of how we can help. Once submitted we will be in touch as soon as possible.