Creative New Zealand grants cannot be used for capital expenditure.
Capital expenditure (or capex) is money spent for the purchase or improvement of long-term assets. Long-term assets can be physical, fixed and non-consumable assets such as equipment, fixtures and fittings, business vehicles, property or intangible assets such as software and licences. Capital items are the big-ticket items purchased to run a business. They have a useful life of more than one year. According to IRD, a capital item is valued at $500 or more.
Arts Continuity Grants 2020
The one exception to this rule is our Arts Continuity Grants 2020. We will accept requests for capital expenditure relating to IT/computer hardware, to a maximum of $5,000.
This expenditure should be only for items that you need to complete your project. The need for these items should have arisen from new methods of working in response to COVID-19.
Eligible capital items include:
- Desktop and laptop computers
- Mobile phones
*Peripheral components are printers, speakers, mouse, keyboard, microphone, camera, touchpad, stylus, joystick, scanner, USB flash drive, memory card, headphones and earphones/earbuds.