NSW Government announces grants of up to $10,000 to provide rapid financial relief administered through Service NSW to those businesses struggling due to the COVID-19 slowdown.
The NSW Government has announced a Small Business Support Fund with the aim to provide rapid financial relief to those small businesses severely affected by the slowdown caused by the COVID-19 outbreak.
The main sectors in mind would be businesses such as local cafes, restaurants, corner shops, gyms and small accommodation suppliers. Businesses that a drastically affected can apply for a grant of up to $10,000 through Service NSW.
Businesses Eligible for the $10,000
To be eligible, businesses will need to:
- Have between 1-19 employees and a turnover of more than $75,000
- A payroll below the NSW Government 2019-20 payroll tax threshold of $900,000
- Have an Australian Business Number as at 1 March 2020, be based in NSW and employ staff as at 1 March 2020
- Be highly impacted by the Public Health (COVID-19 Restrictions on Gathering and Movement) Order 2020 issued on 30 March 2020
- Use the funding for unavoidable business costs such as utilities, overheads, legal costs and financial advice
- Provide appropriate documentation upon application.
Application Forms for the grant
The application forms for the small business support grant will be available on the Service NSW website from 17 April and will be available until 1 June 2020.
Links to Government Resources
FAQs
Thousands of small businesses across NSW struggling to cope with the COVID-19 shutdown will receive grants of up to $10,000 under a new assistance scheme.
To be eligible, businesses will need to:
- Have between 1-19 employees and a turnover of more than $75,000
- A payroll below the NSW Government 2019-20 payroll tax threshold of $900,000
- Have an Australian Business Number as at 1 March 2020, be based in NSW and employ staff as at 1 March 2020
- Be highly impacted by the Public Health (COVID-19 Restrictions on Gathering and Movement) Order 2020 issued on 30 March 2020
- Use the funding for unavoidable business costs such as utilities, overheads, legal costs and financial advice
- Provide appropriate documentation upon application.
Eligible industries are those that have been subject to closure or are highly impacted by NSW Government health directions in relation to COVID-19 and include:
- Retail trade
- Accommodation and food service
- Rental, hiring and real estate services
- Administrative and support services
- Arts and recreation services.
Application forms will be available on the Service NSW website from 17 April 2020.
Application forms will be available from 17 April to 1 June 2020.
