The major investment — funded from the state government’s $650 million Jobs Rescue Package — will assist an estimated 19,000 small businesses and not-for-profits that have suffered a significant loss of income or been forced to close as a result of necessary coronavirus-related restrictions.
The $10,000 grant will be issued to eligible sporting and community organisations across the state, from gyms, hairdressers and beauty and nail salons to restaurants, cafés and cellar doors at a total cost of approximately $190 million.
The cash grants are aimed to help cover a business’s ongoing or outstanding operating costs, such as rent, power bills, supplier and raw materials costs and other fees.
Premier Steven Marshall said the emergency financial relief was part of the state’s strong plan to support South Australians through the “greatest economic challenge of our time”.
“Small businesses are the lifeblood of our community and underpin our state’s economy and we will do everything in our power to ensure they have immediate support so they have the best chance of getting through to the other side,” Premier Marshall said.
“That’s why we are offering emergency cash grants of $10,000 to local small businesses who have had their earnings significantly impacted by the coronavirus or been forced to close as a result of the necessary trade, travel and social gathering restrictions imposed to help limit its spread.”
Modelled on similar schemes in New South Wales and Victoria, the SA grants apply to those businesses with a payroll of less than $1.5 million, and not entitled to a payroll tax waiver under COVID-19 support measures already introduced by the state government for businesses with payrolls of up to $4 million.
It will also work in tandem with the federal government’s stimulus measures — including the $1,500 a fortnight JobKeeper wage subsidy program — and be made available to local small businesses that employ people in SA and have a turnover of more than $75,000.
Applications for the grant will open shortly and be available until 1 June 2020.
For more information and to register their interest, businesses are advised to visit https://www.treasury.sa.gov.au/Growing-South-Australia/COVID-19.