The New Zealand government has approved an additional $25 million in relief funds for businesses impacted by Cyclone Gabrielle.
In April, the New Zealand government approved an additional $50 million in short-term support for NZ businesses awaiting insurance payouts.
Finance minister and cyclone recovery head Grant Robertson said the government would prioritise cyclone-affected businesses with the help of local agencies.
“Demand for grants has been strong, with applications to the local providers managing the funding exceeding the $50 million allocated. Based on the most recent assessment an additional $22 million is required to meet the additional demand, with around 5,800 applications received,” Robertson said.
With the additional funding, more businesses will be supported for up to $40,000 each.
According to Robertson, this funding will be distributed among the regions in accordance with the most recent data available, with ministers ensuring that it is concentrated in those where there is the greatest need.
“We are committed to helping people and businesses recover from the cyclone. The way we do that … as we shift from the response to recovery phase will change. We will continue to closely monitor the needs of local communities and work with local agencies, iwi and councils as we move from response to the recovery and rebuild from these extreme weather events,” Robertson said.
The Cyclone Taskforce is working with insurers to determine areas at high risk of flooding, and the government is reviewing the possibility of managed retreat in Cyclone-hit regions.
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