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A new round of grants helping small businesses reopen

Maja Garaca Djurdjevic
Maja Garaca Djurdjevic
17 June 2020 1 minute readShare
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The NSW state government has announced a new round of grants, handing out $3,000 to thousands of small businesses reopening across the state after the COVID-19 shutdown.

Applications for the NSW government’s Small Business Recovery Grants open on 1 July, just in time to help businesses safely relaunch their operations by funding marketing and advertising expenses, any interior changes and staff training to ensure a COVID-safe environment.

Some $260,000 remaining from the Small Business Support Fund is expected to be disbursed among eligible businesses, after the government distributed some $490 million to 49,700 businesses under its first grant program.

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“The existing grant program has proven very popular, with around 35,000 businesses receiving relief to cover expenses such as rates and phone bills,” Minister for Customer Service Victor Dominello said.

“Applying for this new grant will be simple and easy, so businesses can focus on reopening safely and welcoming back customers.”

 

Minister for Finance and Small Business Damien Tudehope said the new grants have a purpose to help businesses turn their lights on, open their doors and welcome back customers and clients.

“We are getting NSW back to business by helping entrepreneurs and mum and dad owners to relaunch and revitalise their businesses,” Mr Tudehope said.

Applauding the state government’s move, Business NSW CEO Stephen Cartwright said businesses will appreciate this new support package as they ramp up their operations following hibernation.

“Small-business owners across the state have done it tough during the pandemic, with many impacted by bushfires and drought prior to that. Many have had to lay off staff and are struggling to just survive,” Mr Cartwright said.

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“This support from the government will encourage more regional businesses to explore their exporting options and get the right advice and assistance to assess the best channels to market for their products.”

The Small Business Recovery Grant can only be used for expenses from 1 July and where no other government support is available.

Eligible businesses and not-for-profits must meet a range of criteria including:

  • Australian Business Number as at 1 March 2020 registered in NSW.
  • Have total Australian wages below the NSW government 2019–20 payroll tax threshold of $900,000 as at 1 March 2020.
  • Have fewer than 20 full-time equivalent staff (including non-employing businesses) as at 1 March 2020.
  • Have an annual turnover of more than $75,000 as at 1 March 2020.
  • Have experienced a decline in turnover of at least 30 per cent from March to July 2020 compared to the equivalent period (of at least two weeks) in 2019.
  • Are in a highly impacted industry as at 1 March 2020. These industries were impacted by the COVID-19 Restrictions on Gathering and Movement Order 2020.
  • Have costs from 1 July 2020 associated with safely reopening or scaling up their business.

Service NSW will launch the Small Business Recovery Grant online on 1 July and will accept application until Sunday, 16 August 2020, when the program will close.

A new round of grants helping small businesses reopen
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Maja Garaca Djurdjevic
Maja Garaca Djurdjevic

Maja Garaca Djurdjevic is the editor of My Business. 

Maja has a decade-long career in journalism across finance, business and politics. Now a well-versed reporter in the SME and accounting arena, prior to joining Momentum Media, Maja reported for several established news outlets in Southeast Europe, scrutinising key processes in post-conflict societies and enabling citizens to influence decision-making.

You can email Maja on [email protected] 

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