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.