Another tool Enterprise Great Lake Taupō has on offer to help you grow your business is the NZTE ‘Voucher Scheme’ – simply put, a programme of subsidised training and coaching services for business owners and managers. We partner with Waikato Innovation Park to deliver this programme and we’ve had some great feedback from local businesses who have used the voucher service.
To apply for this programme, business owners will need to:
Complete a registration form then participate in a one-on-one assessment with Waikato Innovation Park to assess the level of management capability, to identify gaps and to identify any training or coaching needs
Waikato Innovation Park will then:
Develop an action plan for the business owner which will:
- Identify the strengths and weaknesses of the business
- Identify the priority areas for improvement
- Specify action points (as agreed with the client)
- Identify other business assistance available including organisations to contact and websites for additional information, advice and resources.
- Provide referrals to relevant government organisations as relevant (eg Ministry of Science and Innovation, New Zealand Trade and Enterprise, Export NZ, Business Mentors NZ)
- May issue a voucher to a specified limit for capability development which may be either training and/or one-on-one coaching or mentoring.
If you think your business could benefit from some professional external advice, check out the how the NZTE Capability Development Voucher Scheme process works below…
Businesses are eligible if they meet the following criteria:
- Have fewer than 50 full time employees (a person working 30 hours or more per week is considered full time);
- Are operating in a commercial environment;
- Intend to grow and are willing to engage with the program;
- Are registered for GST in NZ;
- Are personally owned by an individual or individuals; or are a Maori Trust or incorporation under the Te Ture Whenua Maori Act 1993 or similar organization managing Maori assets under multiple ownership; and have undergone a capability assessment with Waikato Innovation Park.
There are six steps in the process
- Registration of the client business
- Assessment of their capability and identification of training needs by Waikato Innovation Park.
- Development of an action plan by Waikato Innovation Park.
- Issue of a voucher for capability building services
- Validation of the voucher with the Capability Service Provider
- Follow up with businesses
- The Regional Business Partner has the discretion to determine the value of vouchers up to a cap of $5000 (excluding GST) in any year.
- Vouchers cover up to 50% of the cost of the course, workshop or coaching session.
- The business owner must provide matching funding of 50% of the value of the capability development service
- Only the business owner and their key managers are eligible for vouchers.
- Vouchers have an expiry date of one calendar month from date of issue. The expiry date refers to the date by which a voucher must have been used to book a service. (Note: The service itself does not need to be provided within the one month).
- A Capability Service Provider will validate the voucher with Waikato Innovation Park so a track can be kept of whether a business is acting on their action plan
Waikato Innovation Park will follow up with any business which has received an assessment or has been issued a voucher to ascertain if their training needs are being met by the Capability Service Providers, if they are able to take the actions identified in their action plans and to identify any changing needs.
For further information and to register with the scheme, contact: Waikato Innovation Park