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NSW small businesses given extension for bushfire relief

Adrian Flores
Adrian Flores
07 August 2020 1 minute readShare
bushfire relief

Small businesses in New South Wales affected by the Black Summer bushfires earlier this year will have more time to apply for financial assistance.

Grant applications will now remain open until 15 December through the NSW government’s Small Business Assistance Program.

Financial aid programs that have given an extension include:

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  • $10,000 Small Business Bushfire Support Grants
  • Small Business Bushfire Recovery Grants of up to $50,000 for businesses directly impacted by bushfire
  • Bushfire Recovery Loan of up to $500,000

Deputy Premier and Minister responsible for disaster recovery John Barilaro said communities recovering from the recent bushfires will have more time to apply without the stress of missing out.

“Last season’s bushfires were unprecedented and the support offered by the NSW government needed to match,” Mr Barilaro said.

 

“The $10,000 and $50,000 small-business grants have resulted in around $240 million being paid out to small businesses, putting money directly into the pockets of those enterprises most in need across the state.

“Initially, the grants program was expected to close mid-year; however, the assistance will remain open until the end of the year and can be accessed via Service NSW.”

Minister for Finance and Small Business Damien Tudehope said it was important that small businesses were supported, particularly given the compounded effects of bushfires and now COVID-19.

“In addition to the small-business grants, the concessional loans program for small businesses will also be extended,” Mr Tudehope said.

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“The NSW government is here to support regional NSW on the long-term recovery journey and we encourage bushfire-impacted small businesses who have not yet accessed this support to please call Service NSW on 13 77 88.”

NSW small businesses given extension for bushfire relief
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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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