Funding ‘Management Capability Voucher’
The Engine provides training & coaching to businesses to build management capability.
The Regional Business Partners Programme provides up to 50% funding for our courses to qualifying businesses. We are pleased to let you know that all of The Engine courses & business coaching – Success, Entrepreneur & Business Continuance & Recovery (coaching) and New Business 101 Course (10 week Training Course – once a week for 3 hours) are approved services for the NZTE Regional Business Partner Programme.
More about the NZTE Managment Capability Voucher Fund- Regional Business Partner Network
About the NZTE Vouchers
Small businesses may 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.
New Zealand Trade and Enterprise ‘Management Capability Development Vouchers’ are only available through the Regional Business Partner Network (RBP) Growth Advisors.
Vouchers may be provided to a business where the Growth Advisors have identified a need for management training as part of an action plan to support the business owner to grow and innovate their business.
For more information on the Management Capability Development Voucher Fund or to see what courses & coaching The Engine are approved for click HERE.
Vouchers may be allocated as part of the plan to help businesses pay for up to 50 % of the cost of services from registered providers that improve management capabilities in targeted areas.
How do I qualify for the Voucher?
To qualify for vouchers a business must meet the following eligibility criteria:
- Has less than 50 full time employees;
- Is registered for GST in New Zealand;
- Must be operating in a commercial environment – i.e. is currently trading;
- Is privately owned or is a Maori Trust or incorporation under the Te Ture Whenua Maori Act 1993 or similar organisation managing Maori assets under multiple ownership;
- Has had an assessment with a Regional Partner.
To start the process click HERE. From here the first part of the process is 2 mins, followed by an online questionnaire to assesses your training needs. This questionnaire is designed to see the gaps to enable you to receive the help you need.
An Advisor from the Regional Business Partner Network will make contact with you to meet and discuss your business and your preferred service provider. This meeting is about an hour.
Assessment Criteria | Businesses need to:
- :-Be exporting, have export potential, be involved in the export supply chain or have the potential to contribute to economic growth in the region (Tourism Business targeting international visitors qualify for this).
- :-Demonstrate commitment to improving management capability.
- :-Indicators of commitment include the fact they have sought advice, have worked
- through the assessment process and a willing to co-fund capability building activities and make the required time commitment; and
- :-Have an identified gap in your business capability that can be addressed through management capability building and training.
Once you have been through this process, you will be able to access more vouchers in the future.
Building management capability goes beyond training. It is an organisation transformation for the better.
Are you doing the bare minimum of training and development—just enough to keep your business within the law (to keep from being litigated or heavy fines) – can easily lead to behaviours that damage companies’ reputations. Once damaged, a reputation takes significant time and money to restore. Some companies never really recover. Before find yourself in a position of losing top talent or dealing with a weakened company reputation, you can invest in processes to improve the management capability in your business.
Today’s Generation X employees have much higher expectations of what managers should do to support them compared with the prior generation. Furthermore, the new entrants into the workforce, known as Generation Y, Millennials or Generation Next, have still greater needs for immediate feedback and development. A company must adapt and evolve to attract this new talent, as well as retain slightly older up-and-coming leaders.