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Deadline looms for recovery grant for NSW small businesses

Adrian Flores
Adrian Flores
27 August 2020 1 minute readShare
Deadline looms for recovery grant for NSW small businesses

NSW small businesses seeking grants to help create COVID-safe workplaces have less than a week left to apply as the state expands eligibility to 18 more industries.

Applications for the Small Business Recovery Grant from the NSW government had been extended until midnight Monday, 31 August.

The grant can be used to cover eligible expenses incurred from 1 July 2020 where no other government support is available.

“Small businesses are doing a great job adapting to the new health and safety requirements and we know these grants are helping to cover some of these costs,” said Minister for Finance and Small Business Damien Tudehope.

Treasurer Dominic Perrottet said the grant had built upon the previous Small Business Support Grant of up to $10,000.

“Both grants are funded through the $750 million Small Business Support Fund, which forms part of the NSW government’s almost $16 billion health and economic response measures,” Mr Perrottet said.

“These grants have played a vital role in keeping people in jobs and businesses in business as we continue to deal with the COVID-19 pandemic.”

In April, the NSW government put $750 million into the Small Business Support Fund as part of measures to keep small businesses afloat.

The original program remained open until 1 June and was specifically catered for businesses with up to 19 employees to help them meet unavoidable business costs such as utilities, overheads, legal costs and financial advice.

Eligible small businesses can apply for the grant here.

Deadline looms for recovery grant for NSW small businesses
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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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