The Victorian and Commonwealth Governments have announced the following extra support measures to assist small and medium businesses to recover from the recent lockdown.
Business Continuity Fund will be established to deliver $5,000 grants to businesses that remain impacted by capacity limits.
Twenty-four eligible sectors are covered by the fund including gyms, cafes, restaurants, catering services and hairdressers. All recipients must have received or been eligible for the previous Business Cost Assistance Program.
Small Business COVID Hardship Fund will be established to support small businesses who have not been eligible under existing business support funds.
Small businesses with a payroll of up to $10 million who have experienced a 70 per cent or greater reduction in revenue will be eligible for grants of up to $5,000.
Licensed Hospitality Venue Fund will provide grants of up to $20,000 to support licensed venues as their operations continue to be impacted by current restrictions.
To receive this funding, venues will need to have received or been eligible for the Licensed Hospitality Venue Fund 2021.
Commercial Tenancy Relief Scheme and Landlord Hardship Fund will provide support to landlords that provide rent relief for their tenants.
The Commercial Tenancies Relief Scheme will be reinstated to provide much needed rent relief to small to medium commercial tenants and their landlords with more details on the roll out to be provided by the Victorian Government soon.
Council will continue to provide updates on financial support or other assistance that is announced by the State Government.
Read the full statement here.
For further information contact Business Victoria on 13 22 15.
