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State announces extra $100m in SME support

Adrian Flores
Adrian Flores
16 June 2020 1 minute readShare

A state government has announced an additional $100 million to fund a second round of grants for small businesses.

The Chamber of Commerce and Industry Queensland (CCIQ) said it was pleased to see the support come yesterday from the Queensland government.

Since the first round of grants was exhausted within days, CCIQ said it has been advocating and working with the government to open up a second round and is pleased to see this support come today.

Additionally, the industry body said the Queensland government heard the concerns of the business community and provided more time for businesses to prepare their applications, with round two opening for submissions on 1 July.

CCIQ economic and policy adviser Jack Baxter said many businesses were disappointed on missing out on the first round of grants and still need support to recover beyond COVID-19.

“The business community is hurting, and for many, these grants provide an additional opportunity for some much-needed cash,” Mr Baxter said.

“Grants are a way to immediately support businesses on what is a long road to recovery.”

Mr Baxter said he looks forward to the Palaszczuk government committing a date when Queensland’s border will reopen.

“Additional support can also be given by allowing businesses to adopt the COVID Safe practice of the 4sqm/per person rule and lifting the 20 people cap limit,” he said.

“This will go a long way in providing businesses a chance to start rebounding.”

State announces extra $100m in SME support
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Adrian Flores
Adrian Flores

Adrian Flores is the deputy editor of MyBusiness. Before that, he was the deputy editor for SMSF Adviser as well as features editor for ifa (Independent Financial Adviser), InvestorDaily, Risk Adviser, Fintech Business and Adviser Innovation.

You can email Adrian at [email protected].

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