Did you know that on 10 July the Victorian Government expanded their criteria for their Business Support Fund to help small businesses in the sectors hardest hit by the Covid-19 pandemic so they can survive and keep people in work?
The return to Stage 3 Stay at Home restrictions mean that some businesses within metropolitan Melbourne or Mitchell Shire are either restricted in their operations or can no longer operate.
Businesses operating within metropolitan Melbourne and Mitchell Shire that are affected by the return to Stay at Home restrictions may be eligible for a one-off, $5,000 grant under the Business Support Fund – Expansion program.
Businesses can apply where they meet all the criteria listed below. They must:
- operate a business located in metropolitan Melbourne or Mitchell Shire
- be a participant in the Commonwealth Government’s JobKeeper Payment scheme
- employ people
- be registered with WorkSafe on 30 June 2020
- have an annual payroll of less than $3 million in 2019-20 on an ungrouped basis
- be registered for Goods and Services Tax (GST) as at 30 June 2020
- hold an Australian Business Number (ABN) and have held that ABN at 30 June 2020
- be registered with the responsible Federal or State regulator.
Grant funds, for example, may be used to assist the business with:
- meeting business costs, including utilities, salaries or rent
- seeking financial, legal or other advice to support business continuity planning
- developing the business through marketing and communications activities
- any other supporting activities related to the operation of the business.
Businesses that have received funding from other components of the Victorian Government’s Economic Survival Package are eligible to apply for this program.
Business owners that do not employ people (non-employing businesses) are not eligible for funding through this program.
More information can be found here.
Please note this program is in addition to the first round of the Business Support Fund, which closed on 1 June 2020.
Applications are now open and close on 19th August 2020. Should you have any questions or need any help applying for the grant, or ensuring you receive all available assistance, please reach out to our team at Rose Partners and we will do our best to assist.
Stay safe
The Team at Rose Partners
