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Grants announced for businesses on southern NSW border

Adrian Flores
Adrian Flores
22 September 2020 1 minute readShare
Grants announced for businesses on southern NSW border

Small businesses affected by the July closure of the NSW and Victorian border can apply for grants of up to $10,000 to help keep their doors open.

Under the NSW government’s $45 million Southern Border Small Business Support Grant program, the first tier is a $5,000 grant for eligible employing and non-employing small businesses, such as non-employing sole traders, that have suffered at least a 30 per cent decline in turnover as a result of the border closure.

The second tier of payments is a $10,000 grant for eligible employing small businesses that have suffered at least a 75 per cent decline as a result of the closure.

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The grant is available to eligible small businesses in 13 NSW local government areas along the southern border: Albury, Balranald, Berrigan, Bega Valley, Edward River, Federation, Greater Hume, Hay, Murray River, Murrumbidgee, Snowy Monaro, Snowy Valleys and Wentworth.

Further, the grant can only be used for eligible expenses incurred since the closure of the NSW and Victoria border on 8 July 2020 for which no other government support is available.

 

NSW Treasurer Dominic Perrottet said the grant would help ease the pressures and costs of keeping businesses open by providing them with much-needed cash flow.

“The NSW government is committed to supporting small businesses impacted by the border closures and keeping these communities open and operating,” Mr Perrottet said.

“This support will help keep businesses in business and people in jobs and ensure these communities continue to have access to local services and products.”

Minister for Finance and Small Business Damien Tudehope said the grant could be used to pay for immediate operating expenses such as utilities, as well as to develop marketing and communication materials.

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“We want to help businesses like the local takeaway restaurant and corner shop to keep their lights on and doors open, which is why the grant has two tiers to provide the highest level of support possible,” Mr Tudehope said.

The Southern Border Small Business Support Grant will close on Sunday, 18 October 2020. Businesses can find out more information on the grant here.

Grants announced for businesses on southern NSW border
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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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