Government announces NZD 265 million Sports Recovery Package

  • May 18, 2020 NZST
  • Team Kalkine
Government announces NZD 265 million Sports Recovery Package

The government has announced a multi-million-dollar recovery fund for sport and recreation sector as part of COVID-19 response funded at Budget 2020.

The sports sector employs over 53,000 people and contributes about NZD 5 billion a year to New Zealand’s GDP, said Grant Robertson.

The fund will be invested in three areas, over the next four years:

  • NZD 83 million in short-term to come out of the initial impact of the pandemic.
  • NZD 104 million to rebuild the sector in the medium term.
  • NZD 78 million to modernise the sector through innovative approaches.

 

 


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