We provide advice to the Minister for Small Business and secretariat services for the Small Business Council.
Small business in New Zealand
Small businesses of less than 20 employees are an important part of the New Zealand economy. According to the latest data from Statistics New Zealand, they account for:
- 97% (487,602) of all enterprises
- 29% (599,880) of all employees
- an estimated 26% of New Zealand’s Gross Domestic Product.
Small Business Council
The Small Business Council was formed in 2018 for 12 months to provide advice to the Minister for Small Business on:
- a segmented definition for the small business sector
- a Small Business Strategy
- the ongoing purpose and functions of the Council beyond the initial 12-month appointment
- the establishment of a small business institute.
In July 2019 the Small Business Council presented the Government with their ‘New Zealand Small Business Strategy: Empowering small businesses to aspire, succeed and thrive’, and their proposals for defining small business and appropriate support structures for the small business sector.
In November 2019, after review and consultation, Cabinet agreed to an initial response to the New Zealand Small Business Strategy in the Cabinet paper ‘A Focus on Small Business’. The Cabinet paper provides Government’s strategic response to the Small Business Strategy and the Annex responds to the Small Business Council’s recommendations.
The government has released the initial response alongside a range of business.govt(external link) initiatives that will support the initial response.
In December 2019 the Minister for Small Business released the SBC strategy and announced other government decisions regarding small business policy.
Latest Council minutes
Read the latest minutes of the Small Business Council:
For more information on New Zealand's small businesses read our Small Business report and factsheet series:
New Zealand's Support for Small Business has more information on government agencies' support for small businesses:
The Small Business Development Group was dis-established in 2017. Read their report and the Government response: