nzte vouchers

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NZTE VOUCHERS

Whitepaper New Zealand

NZTE VOUCHERS WHITEPAPER

Contents OVERVIEW 4 THE PROCESS

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NOTES 7

Copyright © UBT NZ Limited 2014

Copyright © UBT NZ Limited 2014

NZTE VOUCHERS WHITEPAPER

Overview

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The NZTE Capability Development Voucher Scheme is primarily designed to help growing NZ companies (under 50 staff), who have national or international reach, develop management capabilities and skills. A qualifying company may receive up to $5,000 per year (year runs from 1 July to 30 June for NZTE vouchers) to pay towards up to 50% of training. The business must pay at least half of the training costs. In most provinces it can help that you have already found a service provider (ie: UBT) before you apply. UBT offers some courses that are eligible for this voucher scheme. Note: not all courses are eligible as the criteria limits courses to the following categories: • Business Planning • Business Sustainability • Business Systems • Capital Raising • Export • Finance • Governance

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The Process TO BE ELIGIBLE FOR A VOUCHER A BUSINESS MUST BE: • Operating with 50 or less Full Time Employees • Be GST registered in New Zealand • Operating in a commercial environment – i.e. is currently trading • Be privately owned or a Maori Trust or Incorporation under the Te Ture Whenua Maori Act 1993 or similar organisation managing Maori assets under multiple ownership • Have undergone assessment by a Regional Business Partner.

BUSINESS SHOULD ALSO: • Be exporting, have export potential, be involved in the export supply chain or have the potential to contribute to economic growth in the region • Demonstrate commitment to improving management capability. Indicators of commitment include the fact they have sought advice, have worked through the assessment process and a willing to co-fund capability building activities and make the required time commitment; and, • H ave an identified gap in its capability that can be addressed through management capability building and training. (Training for all staff is not eligible so it’s the Management staff that this scheme is focused on)

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NZTE VOUCHERS WHITEPAPER

IN ORDER TO TAKE ADVANTAGE OF THIS SCHEME, A BUSINESS NEEDS TO FOLLOW THE PROCESS LISTED BELOW: 1. Register on the Accelerate Success website: https://app.acceleratesuccess.co.nz/ Business/SelfRegister

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2. Find out who your Regional Business Partner for NZTE is, go to https://www.nzte.govt.nz/ en/how-nzte-can-help/building-your-capability/regional-business-partners/ and click on your region (these change often so it’s worth checking each time) 3. Contact the regional business partner and request to be assessed. 4. Regional Partner assesses your business (This will be a Face to Face visit and approx. 1 ½ hour long. They may ask to see things like your business plan) 5. Regional Partner decides if the business qualifies 6. NZTE states what topics they suggest they learn 7. Voucher is issued

TO VALIDATE YOUR VOUCHER AGAINST A UBT COURSE: 8. Log into the Accelerate Success website and search Service/Training Provider: UBT 9. Validate the voucher against the specified course/training. 10. This will send a message to UBT advising you wish to validate the voucher. UBT will then validate and send an invoice of the remaining amount, and book you into the course.

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Notes • Although this is a national scheme, each region appears to operate slightly differently with regards to such things as timings and the order with which they wish to proceed. We recommend clients to simply be guided by the regional partner. • Regional Business Partners are often changing so it’s worth checking who your local one is each time you wish to get a voucher. • If you are going for funding for these courses, under the “In-house option”, then technically the training is to be for your MANAGERS and not your general staff. It does appear to be first come first served each year so it’s good to get on the their radar asap. • The “In-house training” is also meant to be for one business at a time only. • They are particularly keen to support businesses that are exporting, or intend to begin exporting.

Copyright © UBT NZ Limited 2014

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Copyright © UBT NZ Limited 2014 No part of this publication may be copied, reproduced, scanned, or stored in any electronic database, whether in whole or in part, in any form or by any means. Universal Business Team will not hesitate to take appropriate legal action if its rights in this respect are infringed. This UBT Whitepaper is provided as a useful resource. While we are confident in the products and services, you need not purchase them and should make your own enquiries and determine what is suitable for your circumstances. Although every effort has been made to provide accurate and up to date information, in issuing the document, no obligation is assumed to keep it up to date, nor is any liability assumed for the contents or for the performance of any products and services acquired or their pricing and no endorsement or guarantee is made or intended of anything in this Brochure by any UBT entity or by any officer, employee, agent or representative thereof. Edition 2.0