29 Jun 2023

Government to help businesses secure loans

From Midday Report, 12:12 pm on 29 June 2023

The Government has announced it will help businesses affected by recent weather events to secure cheaper loans, rather than giving them cash.

Hawke's Bay growers previously asked for $750 million to cover some of the cost of recovery following Cyclone Gabrielle.

Instead, the Government has introduced a five-year scheme beginning at the end of next month, which will make it easier and cheaper for affected businesses to loan the finances they need.

Finance Minister Grant Robertson spoke to Perlina Lau.