The Victorian Government today announced a $250.7 million Circuit Breaker Business Support Package to struggling Victorian businesses.
With Jobkeeper no longer available, this support package comes at a time when small businesses are feeling desperate and vulnerable.
The support package is targetted at businesses directly affected by the extended restrictions, including hospitality venues, event suppliers, accommodation providers and non-essential retailers.
Victorian businesses impacted by the extended lockdown can now apply for extra support, after the government announced it will double the value of business grants previously announced.
Business Costs Assistance: up to $5,000
This program provides grants of either $2,500 or $5,000 for eligible employing and non-employing businesses in sectors most impacted. It applies to businesses that:
- have incurred direct costs as a result of the current restrictions
- cannot predominantly work remotely
- are located within Victoria
- have payroll less than $10M & registered with WorkCover
- are registered for GST as at 27 May 2021
- operate in non-essential retail, hospitality, tourism, events & related services, education, healthcare and social assistance (refer to this list).
The Grant amount is determined by the restrcitions the business was under. If the business is subject to both restrictions (between 28 May 2021 and 3 June 2021 and further restrictions from 4 June 2021) they will receive the full $5,000 grant or $2,500 if only restricted between 28 May 2021 and 3 June 2021.
The program is now open for applications and will remain open until 11:59pm on Thursday 24 June 2021.
Applications can be made via your Upturn team or directly here
Licensed Hospitality Venue Fund: $3,500 or $7,000 grant
This grant applies to businesses holding an eligible liquor licence and food certificate with a $3,500 or $7,000 grant.
Eligible applicants have been emailed directly by Business Victoria with a link to their grant application form. If you have not received an application form please contact us ASAP and ensure you complete and submit your form as quickly as possible to ensure you do not miss out on the payment.
The program will remain open until 24 June 2021. For more refer to Licensed Hospitality Venue Fund 2021.
Events support package: grant yet to be confirmed
The government has reserved a $20 million package to support operators in the events industry who have been impacted as a result of the circuit-breaker restrictions.
More information will be available soon.
For further information please contact us on 1300 878 876 or send us an email to contact@upturn.com.au..
