Three out of four firms received COVID-19 related financial support from the government in 2020, Stats NZ said today.

“Government assistance offered during COVID-19 restrictions, including wage subsidies and business loans, was one of the key things businesses used to help stay afloat last year,” business statistics manager Geraldine Duoba said.

The size of a business (measured by its number of employees) was not a major factor in whether that business took the opportunity to better manage its finances.

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