11/07/2020
Victorian Government to Expand Business Support During Further Covoid-19 Restrictions
Over $500 million has been allocated to help businesses in Victoria through the latest pandemic limitations. Support from the government will include $5,000 grants to eligible businesses located within the state. Formerly the grant was only available to twelve postcodes, however since further restrictions have been put in place, the government has now introduced the $5k package for all postcodes and is now available to 80,000 eligible businesses affected under the stage 3 restrictions.
Victorian business can now register interest for the $5000 grants package here: https://www.business.vic.gov.au/support-for-your-business/grants-and-assistance/business-support-package/business-support-fund
Other funding under the latest round will include:
• CBD funding - $20 Million
• Hospitality Operators - $30 Million
• Business Mentoring - $10 Million
• Mental Health - $26 Million
• Plus payroll tax deferral (check eligibility)
The expanded Business Support Fund will provide more than 80,000 eligible businesses with a new $5,000 grant to support them through the renewed restrictions.