COVID-19: NSW Small Business Grants up to $10k
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 announced by the NSW government.
The NSW Government will put $750 million into the Small Business Support Fund as another measure to keep small businesses afloat. The grants are similar to the ones provided to small businesses in areas devastated by the recent bushfires, and are designed to provide help fast.
To be eligible, businesses will need to have up to 19 employees, a turnover of more than $75,000, and payroll of less than $900,000.
Applications for a small business grant of up to $10,000 will be available through Service NSW by 17 April 2020 and remain open until 1 June 2020. Further details on the eligibility requirements and other grants, loans and financial assistance available can be found on the Service NSW site.
As always, please let us know if you would like to discuss this, or anything else in greater detail. We are here to help during this extremely difficult time. Your Accountant can advise you about the most appropriate available government assistance and help you register for those services if necessary.
If you are unsure of who you need to contact please call 02 8404 6700 or submit the Contact form below. Your query can then be directed to the appropriate team member to action.