Understanding your financial situation and capital requirements

While most SMEs don’t rely on external funding in the same way as many startups do, funding is still an important business enabler. You might not be interested in raising capital but, to be able to successfully grow your business, you need to fully understand your financial situation and capital requirements and make informed decisions about the growth of the business.

Therefore, many of our growth programmes for SME cover different aspects of finance.

Owner Manager Programme:

Over 650 businesses have been transformed by our Owner Manager Programme since 2001. The goal of the five month programme is for participants to hone a strategic plan and drive forward to greater success in their business. Understanding the financial aspects of your business and capital required to realise the plan is a key part of the programme.

Leadership Development Programme:

This programme is all about helping you become a better leader, a better communicator and more involved in the growth and direction of the business.  And of course, understanding accounting and finance fundamentals and being able to apply them to the business is an important part of this.

Coaching and In-Company Programmes

In addition to our group programmes, The Icehouse also offers highly customised, one-on-one coaching and in-company programmes where the work is tailored specifically to the needs of the business owner or company. Under this umbrella our business coaches have helped SMEs understand and improve their financial situation and, on occasion, have assisted with securing capital for the business.

Funding to invest in you and your people

NZTE Capability Development Vouchers

SMEs can qualify for vouchers to help pay for services such as training workshops, courses and coaching that build the management capabilities of their owners, operators and key managers.  The Icehouse is an accredited provider of the NZTE Capability Development Voucher scheme.

Find out more here.

Funding to invest in business growth

SMEs looking for funding to invest in the next stages of growth have a number of options available. Our business coaches and experts have experience with all of the below and can help you identify the right type of funding for your business and work with you to secure capital and make the right investment decisions.

 1.       The University of Auckland Entrepreneurs Challenge


you are a New Zealand based, small to medium enterprise, with a turnover of at least $1 million per annum, have been in operation for a minimum of two years and you are seeking finance for business growth, the University of Auckland Entrepreneurs Challenge might be right for you.

The challenge provides up to one million dollars annually for investment in high-growth New Zealand companies with global potential. Funding is provided in the form of a commercial loan offered on terms more favourable than those prevailing in the market for companies of a similar age, stage and risk profile.

Find out more here.

 2.       Government Funding

Business R&D Funding and Grants from Callaghan Innovation

Callaghan Innovation administer more than $140m a year in business R&D funding through three programmes, designed to help accelerate innovation by firms in New Zealand:

  • R&D Growth Grants: Designed to increase R&D investment in businesses with a strong track record for R&D spending in New Zealand.
  • R&D Project Grants: Designed to support greater investment by businesses in R&D activities, especially those with less established R&D programmes.
  • R&D Student Grants: Designed to support undergraduate and graduate students to work in a commercial R&D environment.

Find out more here. 

Other Government Funding

The Government has funding available to help New Zealand businesses grow and innovate. For an overview of the current key funding programmes visit the website of the Economic Development Agency.

3.       Bank loans

Bank loans are one of the most common forms of funding for small and medium-size businesses in New Zealand. Most NZ banks have a lot of experience working with SMEs and many offer special conditions and benefits, especially for small businesses.

The Icehouse works very closely with The BNZ and many of our customers have had great experiences banking with them. Visit their website to find out more or contact one of their business banking experts:

  • Small businesses (Turnover up to $1m): 0800 269 763
  • Medium and large businesses (Turnover over $1m) 0800 269 763

4.       Private Equity Funding

While less common for SMEs than for startups, private equity funding is another option to finance growth for your SME that are seeking significant growth.

Learn more about venture capital and private equity funding on the NZVCA website

A list of Private Equity investor groups in New Zealand can be found here.

Category: Small business

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