The Management Capability Development Fund helps business owners or managers to access business training services, by providing you with a subsidy towards the registered service cost.
The subsidy is one of the services available through the Regional Business Partner (RBP) Network, which employs growth advisors to support business owners and managers looking to grow and innovate.
To access the subsidy for registered training, you must meet the following criteria.
You must:
New Zealand Business Number(external link) — NZBN
The subsidy is only one of many services that the growth advisors can connect you with to help grow your business.
To meet with a growth advisor, register with the Regional Business Partner Network and a growth advisor from your region will be in touch.
Register with the Regional Business Partner Network(external link)
After you register with the Regional Business Partner Network, a local growth advisor will get in touch with you to set up a discovery session.
This is necessary to find out what opportunities for growth there are for your business, and to help identify any barriers to growth.
The growth advisor will work with you to put together an action plan.
During the discovery session, you and the growth advisor might identify that there is a gap in your management capability.
To fill this gap, training from a registered service provider may be suggested by the growth advisor.
If you are eligible they will organise for the subsidy to be provided to you to use for the training.
Training can be in the form of one-on-one, or group delivery. A growth advisor can help you identify which style of training will be best for you.
The value issued will vary and can be used to cover up to 50% of the training service cost, up to a maximum of $5,000 per year (excluding GST).
The subsidy can only be used with services registered with the Regional Business Partner Network.
The subsidy can only be used for management training in:
The subsidy cannot be used for:
To learn more about how the RBP Network can help you, email us or get in touch with your local organisation.