Business Support Package
The Victorian Government is backing businesses most affected by the seven-day circuit breaker action, including operators in the hospitality, retail, events and creative industries with further targeted support.
Victorians and Victorian businesses are doing the hard thing, but the right thing – keeping their doors shut to keep all of us safe.
That’s why we are announcing a $250.7 million Circuit Breaker Business Support Package to help up to 90,000 Victorian businesses that have been affected by the restrictions that will run until 11:59pm on Thursday, 3 June.
The package features three initiatives for small to medium-sized businesses and sole traders.
The $190.01 million second round of the Business Costs Assistance Program will offer grants of $2,500 for eligible businesses directly affected by the circuit-breaker industry restrictions.
Businesses can register their interest in the Business Costs Assistance Program at business.vic.gov.au, so they can be notified when applications open this week. Operators eligible for the Licensed Hospitality Venue Fund payment will be contacted directly by email in coming days.
Business Support Package
The Victorian Government is backing businesses most affected by the seven-day circuit breaker action, including operators in the hospitality, retail, events and creative industries with further targeted support.
Victorians and Victorian businesses are doing the hard thing, but the right thing – keeping their doors shut to keep all of us safe.
That’s why we are announcing a $250.7 million Circuit Breaker Business Support Package to help up to 90,000 Victorian businesses that have been affected by the restrictions that will run until 11:59pm on Thursday, 3 June.
The package features three initiatives for small to medium-sized businesses and sole traders.
The $190.01 million second round of the Business Costs Assistance Program will offer grants of $2,500 for eligible businesses directly affected by the circuit-breaker industry restrictions.
Businesses can register their interest in the Business Costs Assistance Program at business.vic.gov.au, so they can be notified when applications open this week. Operators eligible for the Licensed Hospitality Venue Fund payment will be contacted directly by email in coming days.
Business Support Package
The new $534 million Business Support package will provide help to business and workers through to the other side of the coronavirus (COVID-19) pandemic.
The new package includes:
- The expanded Business Support Fund providing more than 80,000 eligible businesses with a new $5,000 grant to support them through the renewed restrictions. This grant was previously made available to the 12 postcodes linked to outbreaks. It will now apply to all areas under Stage 3 restrictions.
- A $30 million dedicated fund for Victoria’s night time economy to support the hardest hit businesses in hospitality.
- $26 million in mental health support will ensure Victorians dealing with the compounding challenges of running a small business can get the support they need as they navigate their way through the crisis.
- A $10 million business mentoring program, pairing small business owners with experienced professionals who can help them navigate their way through the crisis.
- A $40 million capped fund for regional tourism businesses to cover the costs of refunds.
- A $20 million fund to support small businesess in Melbourne’s CBD that are faced with a large and sustained shock to their trading environments.
Businesses will also benefit from an extended and expanded payroll tax deferral. Eligible businesses with payrolls up to $10 million can defer their liabilities for the first half of the 2020/21 financial year.
To find out more visit Business Victoria.