Cultural Sector Emergency Relief Fund
Manatū Taonga (Ministry for Culture and Heritage) has announced the Cultural Sector Emergency Relief Fund is now open.
This $5 million fund of last resort, supports cultural organisations, including sole traders, at clear risk of no longer operating viably. Manatū Taonga has created this fund because there are parts of the sector that are not eligible for support from other agencies.
This Fund is open to cultural sector organisations, including businesses and charities who have current legal status in New Zealand, and also to sole traders who have a New Zealand Business Number.
What could organisations who are eligible for the cultural sector emergency relief fund receive?
subject to eligibility requirements and the availability of funds, the amount of funding would be the difference between the organisation’s revenue and expenses over the six-week period following their application.
subject to the availability of funds and again meeting eligibility requirements, organisations could apply for an additional round of support at the end of six weeks.
Organisations will be able to receive up to $100,000 from the Cultural Sector Emergency Relief Fund, sole traders up to $30,000, in total across all application rounds.
What can the funds from the cultural sector emergency fund be used for?
Organisations can use the funding for essential business expenditure, such as staff salaries, fixed operational costs for the duration of the funding period, business debt repayments and for ongoing costs for projects, and/or activity that is essential to continued operations. Funding received from the Cultural Sector Emergency Fund cannot be used to rebuild cash reserves, future planning costs (e.g. risk assessments), or capital expenditure. Organisations submitting subsequent applications for additional support will need to demonstrate that the previous funding was appropriately used and will need to again meet eligibility criteria.
Apply now
For full applications details and to apply, visit the ministries website.
http://ow.ly/llRf50GjQIc