COVID19 Business Support Package

Here’s a handy shortlist of COVID business and financial support available through government that Jacob Varghese our head of innovation compiled.

The COVID19 Business and Financial Support page is a great place to start.  You can find this here

The Ministry of Social Development (MSD) has launched The Wage Subsidy Scheme (WSS) for those businesses impacted by the lockdown who have lost 40% revenue during this period. This link will take you to the MSD webpage.

You can use this tool to calculate the expected loss of 40%

A Resurgence Support Payment (RSP) is available if a business incurs a loss of 30 percent of revenue because of the Alert Level increase. The RSP is worth up to $1500 plus $400 per full-time equivalent employee, up to a maximum of 50 full-time employees (so up to a total of $21,500). More information is available here.

The Leave Support Scheme (LSS) provides a two-week lump sum payment of either $585.80 per week for full-time workers, or $350 per week for part-time workers, who must self-isolate and cannot work from home. More information is available here

The Short-Term Absence Payment (STAP) provides a one-off (once per 30 days) $350 payment for workers who must miss work due to a COVID-19 test and cannot work from home. Further information about this payment is available here.