The Victorian Government’s Small Business COVID Hardship Fund will assist eligible employing and non-employing small and medium businesses with grants of $14,000:
To be eligible for the grant, a business must:
Applications will need to be made online and a letter will need to be provided by your accountant to confirm your turnover decline. Applications close 10 September 2021. For detailed guidelines, see here.
The Victorian Government has expanded on the Business Cost Assistance program with multiple expansions. Currently Round Three is available to eligible businesses who have received Round Two or the Round Two July Extension.
Round Three is automatically paid to those eligible businesses as an additional $2,800 payment.
The Business Continuity Fund provides a $5,000 payment to businesses in 24 sectors that were affected by additional capacity limits when reopening in late July 2021 under COVID-19 restrictions.
This payment will go to recipients of the Business Cost Assistance Program Round Two and the Business Costs Assistance Program Round Two July Extension who are in the 24 sectors noted in the link above.
Recipients will be contacted from mid-August to confirm they will receive a payment. Payments will be processed automatically.
Businesses in the Melbourne CBD who receive the $5,000 payment will receive an additional $2,000 payment.
The Regional Tourism Support Package is split in to three initiative to assist businesses, including accommodation providers, attractions and experiences, to manage the impact of recent restrictions due to COVID-19. The three initiatives include:
Applications for the initiatives are not yet available however will be made available on Business Victoria’s website once open.
The above details are based on the information available on Business Victoria’s website as at 17 August 2021. As details are continually being updated in response to the on-going impact of COVID-19, we recommend you continue to check the government website to ensure you are kept up to date with the current information available.
If you require assistance in determining your eligibility, assistance with the application process or an Accountant’s Letter, our team at BLG Business Advisers are Wollongong Accountants and are here to help so please don’t hesitate to reach out to us.
If you require assistance in determining your eligibility, assistance with the application process or an Accountant’s Letter, our team at BLG Business Advisers is here to help so please don’t hesitate to reach out to us.
We wish you and your business every success!