$25m paid out to struggling businesses

Just over $25million has been paid out to Otago and Southland businesses from the Government’s Covid-19 Support Payment.

In February, Finance Minister Grant Robertson announced the targeted payment for businesses struggling in the Omicron outbreak.

To be eligible for three fortnightly payments, of $4000 plus $400 per full-time employee, businesses had to show a 40% drop in revenue over seven days in mid-February.

Figures published by the Inland Revenue Department revealed that in the first two payments Otago and Southland businesses claimed $25.2million for about 3600 staff.

Of that, Dunedin and Queenstown businesses claimed $21.7million for 3088 employees.

Meanwhile, Southland businesses claimed $3.5million for 540 staff.

Nationally, $513million has been paid out in the first two payments.

Mr Robertson has previously said the Government could extend the payment beyond the initial six-week period if needed.

Applications for the third payment close on Monday.

-- RILEY KENNEDY

 

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