Resilience Fund 2020/2021

This fund provides two rounds of emergency support for Tōtara and Kahikatea organisations receiving multi-year funding that have been materially negatively impacted by COVID-19. The funding is to help organisations maintain their key people and honour contracts with other creative practitioners until 31 December 2020 for round one and to 30 June 2021 for round two.

Amount:

Varies depending on minimum amount needed
Find out who got funded recently

Artforms funded:

This content is tagged as All Artforms .

Funding rounds

Status:
Opening dates:
Closing dates:
Notification dates:
Round 1
Closed
18 Sep 2020
9 Oct 2020, 05:00 pm
13 Nov 2020
Round 2
Yet to open
1 Mar 2021
29 Mar 2021, 05:00 pm
5 Apr 2021

1. Check your eligibility

Who can apply

The Resilience Fund is only open to organisations currently receiving multi-year funding through the Toi Tōtara Haemata and Toi Uru Kahikatea programmes. Organisations receiving transition funding are not eligible.

An organisation wanting to apply must meet the criteria set out in the eligibility declarations below. It will then be invited to supply detailed financial information for us to assess the level of material negative impact and will also need to agree on the minimum amount of work required to address that material negative impact.

Eligibility declarations

To be eligible to apply to the Resilience Fund, your organisation’s governing Board must provide these four declarations:

1. Your organisation has been materially negatively impacted as a result of COVID-19. Your Board must confirm that, as a result of COVID-19, your organisation will not be able to remain a going concern and cannot sustain its internal infrastructure and staff, up to 31 December 2020 for Round One, or 30 June 2021 for Round Two.

Creative New Zealand considers ‘material negative impact’ to be all of the following:

  • Cannot remain a going concern.
  • Cannot pay bills and people (working capital viability), to 31 December 2020 for round one, or from 1 January 2021 to 30 June 2021 for round two.
  • Cannot remain viable to sustain its internal infrastructure and people (balance sheet and entity viability), to 31 December 2020 for round one, or from 1 January 2021 to 30 June 2021 for round two.

2. The material negative impact as a result of COVID-19 is as a result of one or more of these indicators:

  • The current COVID-19 Alert Levels nationally and/or internationally precludes your organisation from undertaking revenue making activity.
  • Other funders have reduced or reoriented their funding to you to focus on COVID-19 responses.
  • Sponsors or philanthropic donors have reduced or removed expected support as a result of COVID-19.
  • A reduction in demand by 30% (box office, sales, or another relevant measurement), when compared to 2019 (or 2018 for organisations with cyclical patterns of work, such as festivals), that is directly attributable to COVID-19.

3. Your organisation has attempted to remain solvent by doing all of these things:

  • Applying for other Government income and/or business assistance.
  • Removing all deficit-making activity* from its programme of activity, to 31 December 2020 for round one, or from 1 January 2021 to 30 June 2021 for round two.
  • Not planning any deficit making activity* that will make your organisation less financially stable, to 31 December 2020 for round one, or from 1 January 2021 to 30 June 2021 for round two.
  • Changing the timing of payments in your Creative New Zealand funding agreement.
  • Seeking or receiving funding support or exemptions from other funding sources.
  • Using reserves to the level set in your reserves policy or, if there is no policy then three months of operating costs.
  • Using money from all associated trusts, funding vehicles or other mechanisms.

*Creative New Zealand defines ‘deficit-making activity’ as an activity where the revenue generated by the activity is less than the cost of goods sold (direct and indirect costs of service).

4. Your organisation is committed to honouring artist, designer and/or technical contracts and other agreements with creative practitioners during this time, including agreements with other Tōtara and Kahikatea clients.

Timing

The Resilience Fund will run in two rounds.

  • Round one provides support for the period to 31 December 2020:
    • opening 18 September 2020
    • closing 5pm 9 October 2020.
  • Round two provides support for the period 1 January 2021 to 30 June 2021:
    • opening 1 March 2021
    • closing 5pm 29 March.

There will be no extensions beyond the closing date for each round and no requests for extensions will be granted.

How often you can apply

Organisations can make one application to round one and one application to round two.  

Breaches of agreements

We cannot consider an application if you, your organisation, or key members of your team are in breach of the conditions of a current funding agreement, which includes missing the deadline for reporting on a previous grant.

For more information see our Funding guidelines – breaches of agreement

2. See what's funded

Purpose

This fund provides two rounds of emergency support for Tōtara and Kahikatea organisations receiving multi-year funding that have been materially negatively impacted by COVID-19. The funding is to help organisations maintain their key people and honour contracts with other creative practitioners until 31 December 2020 for round one, and to 30 June 2021 for round two.

It is similar to the Short-term Relief for Investment clients offered as part of our initial COVID-19 emergency response.

We will prioritise applications based on immediate and urgent need, which includes being informed by the currently available information and alert level settings.

Given the potential for circumstances to change quickly we will continue to monitor and reassess the fund.

What we Fund

There is no maximum amount, but organisations should request the minimum amount needed from Creative New Zealand in order for the organisation to regain stability or remain stable until 31 December 2020 (round one), or from 1 January 2021 to 30 June 2021 (round two).

Maximum amounts available

We ask that you request the minimum amount you need to stabilise your organisation as we have a limited budget, so trade-offs will need to be made. As Creative New Zealand is using its resources in order to provide support to the arts sector during this time, we expect you to consider carefully how your reserves can be used both to stabilise your organisation and support the arts sector.

All investment clients will receive their October 2020, January 2021, April 2021 and July 2021 payments from Creative New Zealand (unless we have specifically advised you otherwise). You must factor these payments into your calculations.

You will need to include clear and convincing evidence the amount you are requesting is only what is absolutely needed from Creative New Zealand. This amount must be directly related to the impact of COVID-19 restrictions. If you do not include this, we may seek additional information from you and ask you to revise your requested amount. This will slow down the process and delay payment if you are successful.

What is not included in the Resilience Fund

  • New activity or additional activity costs associated with the re-orienting of existing activity.
  • Topping up reserves to a level the organisation is comfortable with.

3. Make an application

Register or Log in


How to submit an application

  1. Read all the information on this web page and, if you don’t understand anything, contact your Investment Services Adviser.
  2. Complete step one: Submit a letter from your governing body which confirms you meet all the Eligibility Declarations by email to investments@creativenz.govt.nz
    • Round one: submit any time until the fund closes at 5pm, 9 October 2020.
    • Round two: submit any time after the open date until the fund closes at 5pm, 29 March 9 2021 (opens 1 March 2021).
  3. Complete step two: If you are eligible (based on your step 1 submission) we will contact you via email, inviting you to make an application.
  4. Log in to the portal to make your step two application.
  5. Submit your step two application within 10 days of us confirming your eligibility via email.

Step one: eligibility

To be eligible, your organisation must be materially negatively impacted by Covid-19 and has taken steps to attempt to rectify this material negative impact. Your organisation must be able to answer YES to all of the four eligibility declarations, as set out in the eligibility section

Send the four eligibility declarations in a letter from your governing body by email to investments@creativenz.govt.nz

If your organisation does not have a governing body, we will accept a letter from your leadership

Step two: assessment of quantum of material negative impact

Invited eligible organisations will need to provide us with the following information in the Portal within 10 working days of eligibility being confirmed. Do not supply this information until we have confirmed your eligibility via email.

  • Amount requested from this fund. This should be the minimum amount needed from Creative New Zealand in order for the organisation to regain stability or remain stable, until 31 December 2020 for round one, or from 1 January 2021 to 30 June 2021 for round two.
  • Notes to the financial statements that demonstrate that the amount requested is the minimum required to achieve solvency and maintain internal infrastructure:
    • to 31 December 2020 for round one
    • from 1 January 2021 to 30 June 2021 for round two.
  • A Statement of Financial Position forecast, including brief notes if needed:
    • as at 31 December 2020 for round one
    • or from 1 January 2021 to 30 June 2021 for round two.
  • A Statement of Financial Performance forecast, including brief notes if needed for:
    • the period ended 31 December 2020 for round one
    • or from 1 January 2021 to 30 June 2021 for round two.

Note: we will ask that the Resilience Fund request or any other current funding request is not included in this forecast to assist with us receiving the most accurate picture of the organisation’s position.

  • Cashflow projection:
    • to 31 December 2020 for round one
    • from 1 January 2021 to 30 June 2021 for round two.

Note: include brief notes covering (if applicable) change in revenue from other non-activity sources including other funders, philanthropy, donations, etc.

  • An updated Programme that includes an analysis of the activity levels projected that demonstrates sustainability
    • to 31 December 2020 for round one
    • from 1 January 2021 to 30 June 2021 for round two.
  • Proof of meeting eligibility requirements. Provide one or more of the following:
    • A public announcement, letter, or email as proof from sponsors or philanthropic donors confirming they have reduced or removed expected support specifically as a result of COVID-19.
    • A public announcement, letter, or email as proof from other funders confirming they have reduced or reoriented their funding to focus on COVID-19 responses.
    • An indication of which COVID-19 alert level restriction(s) has affected your organisation and how.

Note: If the organisation wishes to prove eligibility based on a reduction in demand by 30% directly attributable to COVID-19, no additional information is needed. Creative New Zealand will compare previously submitted financial statements for this purpose.

  • Proof your organisation has sought funding support from other funding sources, including applying for other Government income and/or business assistance or exemptions to remain solvent.
  • Proof your organisation has used reserves to the level set in your reserves policy, or that reserves are already lower than the policy due to investments to stabilise as a result of COVID-19.
  • If your organisation has an associated trust, funding vehicle, or other related mechanism, proof that your organisation has already received significant support from it to remain solvent.

We may ask for additional information if required, if the information you supply is unclear or insufficient.

If you’re struggling to prepare the above information due to the negative impact of COVID-19, contact your Investment Services Adviser as we’re glad to help.

4. Assessing applications

How we verify your application

Step one: eligibility

Your eligibility will be checked against the four eligibility declarations. Eligible organisations will be invited to submit an application for step two.

Step two: assessment of quantum of material negative impact

Creative New Zealand will verify the material provided. Successful funding applications will need to be able to answer YES to all of the criteria below.

  • Has the organisation removed all deficit-making activity between the period 1 July to 31 December 2020 for round one or from 1 January 2021 to 30 June 2021 for round two? YES / NO
  • Has the organisation sought support or exemptions from other funding sources? YES / NO
  • Is the information provided sufficient to verify the financial performance and position until 31 December 2020 for round one or from 1 January 2021 to 30 June 2021 for round two? YES / NO
  • Do the projections show that the additional funding will enable the organisation to meet our indicators of a stable organisation to 31 December 2020 for round one or from 1 January 2021 to 30 June 2021 for round two? YES / NO

Note: we define a stable organisation as one that for the period until 31 December 2020 for round one or from 1 January 2021 to 30 June 2021 for round two will be able to:

  • remain a going concern
  • remain viable in the medium term, sustain their internal infrastructure and people (balance sheet and entity viability)
  • Does the information provided indicate that there will be a material negative impact on the organisation that cannot be addressed through the reduction of activity or other funding support? Yes/No 

Note: we consider ‘Material negative impact’ to be all of the following:

  • Cannot remain a going concern.
  • Cannot pay bills and people to 31 December 2020 for round one or from 1 January 2021 to 30 June 2021 for round two (working capital viability).
  • Cannot remain viable to 31 December 2020 for round one or from 1 January 2021 to 30 June 2021 for round two, to sustain their internal infrastructure and people (balance sheet and entity viability).
  • Does the updated Programme to 31 December 2020 for round one or from 1 January 2021 to 30 June 2021 for round two that includes an analysis of the activity levels projected demonstrate sustainability? YES / NO
  • Is the amount requested the minimum amount needed from Creative New Zealand in order for the organisation to regain stability or remain stable until 31 December 2020 for round one or from 1 January 2021 to 30 June 2021 for round two. YES / NO
  • Do the notes to the financial statements that demonstrate that the amount requested is the minimum required to achieve solvency and maintain internal infrastructure to 31 December 2020 for round one or from 1 January 2021 to 30 June 2021 for round two. YES / NO
  • Has the organisation supplied proof of meeting eligibility requirements: YES / NO
    • One or more of the following: YES / NO
      • An indication of which Covid-19 alert level restrictions have affected the organisation and how
      • A public announcement, letter, or email as proof from other funders confirming they have reduced or reoriented their funding to focus on Covid-19 responses
      • A public announcement, letter, or email as proof from sponsors or philanthropic donors confirming they have reduced or removed expected support specifically as a result of Covid-19

Note: if the organisation wishes to prove eligibility based on a reduction in demand by 30% directly attributable to Covid-19, no additional information is needed. Creative New Zealand will compare previously submitted financial statements for this purpose]

  • All of the following:
    • Proof the organisation has sought funding support or exemptions from other funding sources, including applying for other Government income and/or business assistance, to remain solvent YES / NO
    • Proof the organisation has used reserves to the level set in their reserves policy, or that reserves are already lower than the policy due to investments to stabilise as a result of COVID YES / NO
    • If the organisation has an associated trust, funding vehicle, or other related mechanism, proof that the organisation has already received significant support from it to remain solvent YES / NO

Note: we may not be able to grant all requests or the total amount requested. We will be in touch with you if we need to discuss your application.

Who processes your submission

Awarded amounts under $250,000

The final approval is made by Creative New Zealand’s Chief Executive based on recommendations from the Senior Manager Arts Development.

Awarded amounts $250,000 and over

The final approval is made by the Chair of the Arts Council in consultation with the Chair’s Consultation Group based on recommendations from the Senior Manager Arts Development and the Chief Executive.

5. Notification of results

We’ll email you your result no later than 13 November 2020 for applications to round one, and no later than 5 April 2021 for applications to round two. We will prioritise notification based on immediate and urgent need, which includes being informed by the currently available information and alert level settings

If your application has been successful your grant will be deposited in your bank account within five working days of us notifying you of our decision.

We’ll also list the organisations who received the Resilience Fund and the amount they received on Who got funded

6. On completion

For successful applications to round one, as part of your 31 January 2021 report you must include a letter from your Board Chair verifying that all Resilience funding was spent to stabilise your organisation.

For successful applications to round two, as part of your 31 July 2021 report you must include a letter from your Board Chair verifying that all Resilience funding was spent to stabilise your organisation.

This is a trust-based initiative designed to mobilise support and minimise burden on organisations. If there is any indication that funding has been misused Creative New Zealand may require a full audit of the spent funds. Any misuse of funding will be treated as a breach of contract and will result in immediate termination of your funding agreement.

7. Who to contact

For more information or advice contact your Investment Services Adviser or email us at investments@creativenz.govt.nz