The Heritage Earthquake Upgrade Incentive Programme (Heritage EQUIP) provides financial support and advice for private owners of heritage buildings to seismically strengthen their buildings.
A new system for managing earthquake-prone buildings
Heritage EQUIP helps owners meet the requirements of the Building (Earthquake-prone Buildings) Amendment Act 2016 (the Amendment Act).
The Amendment Act has established a nationally consistent system for identifying and remediating earthquake-prone buildings. Owners of earthquake-prone buildings are required to strengthen their buildings so they are no longer earthquake-prone. The timeframe for this work depends on the seismic risk where the building is located.
Heritage EQUIP supports owners to meet strengthening costs and preserve heritage value
Heritage buildings have value to all New Zealanders, but the owners bear the seismic strengthening costs. Strengthening can be expensive, so we risk these buildings remaining vacant or even losing some of this precious heritage and identity.
Heritage is the cornerstone of the commercial districts of many of our towns and cities. Having key commercial buildings vacant or out of action creates significant financial impacts for business owners and the wider region.
Heritage EQUIP runs initially for 4 years
The $12-million programme will initially run from 2016 to 2020.
Heritage EQUIP is administered by the Ministry for Culture and Heritage. The Ministry is working alongside the Ministry of Business, Innovation and Employment, and Heritage New Zealand to develop this programme.