Businesses and organisations will be eligible if they experience a 30% drop in revenue over a 7 day period after an alert level increase and meet other eligibility criteria.
This drop is compared to a typical 7 day period in the 6 weeks before the increase in alert level. The decline in revenue must be a result of the specific alert level change, not just COVID-19 in general. You must have been in business for at least 6 months to be eligible.
Charities, not-for-profit organisations, the self-employed and pre-revenue businesses, such as start-ups, may also be eligible.
This payment is not a loan, so does not need to be repaid. The payment must be used to help cover business expenses such as wages and fixed costs. Applications will remain open for 1 month after the return to Alert Level 1.
You can apply through myIR from 23 February 2021. If your businesses doesn’t have a myIR account, you will need to create one to apply.
More information, including how to apply and how to calculate your drop in revenue: