VIC Small Business Grants up to $10k

Thousands of small businesses across Victoria struggling to cope with the COVID-19 shutdown will receive grants of up to $10,000 under a new assistance scheme announced by the Victorian government.

The Victorian Government will put $500 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 a turnover of more than $75,000, and payroll of less than $650,000.

Applications for a small business grant of up to $10,000 will remain open until 1 June 2020. To apply or for further details on the eligibility requirements and other grants, loans and financial assistance available, visit the Business Victoria website.

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  03 9866 5888 or submit the Contact form below. Your query can then be directed to the appropriate team member to action.

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