The Australian Government has announced several stimulus and relief packages, designed to sustain small businesses through the coronavirus (COVID-19) pandemic and keep employees in work. The government has stated that the measures are temporary, targeted and scalable. The main areas of support currently available to small businesses are: SME Recovery Loan Scheme (updated) SMEs with a
The Council of Capital City Lord Mayors (CCCLM) has released its report ‘Measuring the Australian Night Time Economy 2019-20’ which details commissioned research into core elements of the night-time economy. This is the 10th year for the research, which focuses on food, drink and entertainment businesses and the associated economic performance. This report covers the 2019-20
The Victorian Government is supporting landlords who are waiving rent for their businesses during the pandemic, offering grants to those who are doing the right thing by their tenants. Minister for Small Business Jaala Pulford today opened the $20 million Commercial Landlord Hardship Fund to assist small landlords who are reducing and waiving rent as part of
Our data mapping points to another retail sales fall in August. We see the official ABS measure falling 2.7% on a month-on-month basis. Retail sales fell 2.7% in July – we forecast a 3.3% drop at the time, since revised to -3.5%. Ongoing lockdowns in New South Wales, Victoria and the ACT continue to be
A new jointly-funded package from the Commonwealth and South Australian Governments will give local small and medium tourism and hospitality related businesses impacted by ongoing trading restrictions and border closures, further financial support. A COVID-19 Small Business Hardship Grant will also be introduced for those businesses that have been significantly impacted by COVID-19 restrictions but
The national business opportunity has the ability to secure a more confident and certain future for the state’s economy if local consumers look to their own communities for goods and services and support small businesses. While Queensland is locked out from markets in other states, Chamber of Commerce and Industry Queensland (CCIQ) is calling on the
The Palaszczuk Government is continuing to support Queensland’s regional small businesses with the second round of $5,000 Business Basics Grants opening at 9am on Wednesday September 8. Minister for Employment and Small Business Di Farmer said the grants are a part of the government’s Big Plans for Small Business Strategy and the $14.2 billion COVID-19
The Western Australian Government has announced $16.8 million of assistance funding to support tourism operators and travel agents affected by COVID-19 restrictions in the Eastern States. The fund will be managed by Tourism WA. Eligibility criteria The fund, which is co-funded by the Commonwealth and State governments, offers one-off payments between $2,000 and $10,000 to businesses
A jointly-funded support package from the Commonwealth and Victorian Governments will provide a critical four-week boost to small and medium-sized Victorian businesses most impacted by the current public health lockdown. The unprecedented joint package of up to $2.34 billion will deliver certainty to around 175,000 Victorian businesses as the state bands together to restrict the spread
In this we argue why we think activity should again rebound sharply once lockdown restrictions are eased. The key to how sharply activity can rebound is: (1) will people feel confident to resume activity; and (2) have household and business balance sheets been sufficiently insulated from recent outbreaks? There is good reason to answer ‘yes’
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