The Victorian Government has launched the $500 million Business Support Fund to help small businesses survive the impacts of the coronavirus (COVID-19) pandemic and keep people in work.
Funding of $10,000 per business is available and will be allocated through a grant process.
Businesses are eligible to apply for a grant through the Fund if they meet the following criteria:
- Have been subject to closure or highly impacted by Non-Essential Activity Directions issued by the Deporty Chief Health Officer to-date; and
- Employ people; and
- Have a turnover of more than $75,000; and
- Have payroll of less than $650,000; and
- Hold an Australian Business Number (ABN) and held that ABN at 16 March 2020 (when the State of Emergency was declared); and
- Have been engaged in carrying out the operation of the business in the Australian State of Victoria on 16 March 2020.
How can the funding be used?
Examples of what the grant funding could be used for include:
- Meeting business costs, including utilities, salaries and rent
- Seeking financial, legal or other advice to support business continuity planning
- Developing the business through marketing and communications activities
- Other supporting activities related to the operation of the business.
How to apply
Applicants must submit an application online via the ‘Apply now’ once you have clicked into the business.vic.gov.au link below.
Applicants are required to provide a copy of their most recent Business Activity Statement (BAS). Other supporting materials can also be provided.
All questions in the application must be completed and any requested documentation attached to ensure timely assessment and grant payment.
For more information, please refer to the Business Support website here
If you have any questions, please contact us on 03 8419 9800.