The Government has announced a $400 million targeted tourism recovery fund and targeted domestic tourism campaign as part of Budget 2020.
Finance Minister Grant Robertson announced the package this afternoon alongside a wage subsidy extension for those who can demonstrate a 50 per cent loss or more.
Grant mentioned that tourism has been one of the most affected industries in New Zealand.
"Border restrictions are going to be with us for some time," he says.
The package is intended to support the first stages of an action plan agreed with the industry and as well as funding a transition programme, will help ensure key assets survive and fund a domestic tourism campaign.
The wage subsidy scheme extension could also help the tourism sector.
The wage subsidy extension will be available to businesses that can show a 50 per cent loss in revenue for the 30-day period prior to the application date when compared to the same period in 2019.
Affected businesses who are eligible for the extended wage subsidy can have their subsidy extended for 12 weeks.
