[adning id=”12070″]

[adning id=”12070″]

Melbourne SMBs get double stimulus as lockdown is extended by one week

The Victorian Government will double existing support payments for businesses affected by the extension of the circuit-breaker restrictions.

“We are standing with Victorian businesses and workers – providing them with the support they need to get through this challenging time,” said Treasurer Tim Pallas.

Victorians are joining together and keeping their doors closed to safeguard the community and the economy in the long run – we appreciate the efforts and sacrifices being made across the state and recognise the real cost of this action for businesses.

“We know businesses that are currently closed will be counting the days until they can re-open. The efforts of our small business community have been heroic, and we are proud to support them,” said Minister for Small Business Jaala Pulford.

Building on the $250.7 million support package announced last Sunday, a new allocation of up to $209.3 million will flow to small and medium-sized businesses, taking the total support package to $460 million.

SUV_Expo_2024_Meblbourne

Up to 90,000 businesses will benefit from the original support. About 70,000 of these businesses located in metropolitan Melbourne will be affected by the extension of restrictions beyond Thursday 3 June and will be eligible for the new support.

Business Costs Assistance Program grants of $2,500 for eligible businesses directly affected by the industry restrictions, including restaurants and cafes, event suppliers, accommodation providers and non-essential retailers, will be doubled to $5,000 for eligible businesses in metropolitan Melbourne.

Regional businesses that are unable to open due to ongoing restrictions, such as nightclubs and amusement parks, will also be eligible for the extension payment. Metropolitan businesses that will have restrictions eased from Friday will not be eligible for the extension payment.

Licensed Hospitality Venue Fund grants of $3,500 for businesses holding an eligible liquor licence and food certificate will be doubled to $7,000 for eligible businesses in metropolitan Melbourne.

Applications are scheduled to open on Thursday 3 June 2021 – including for regional businesses applying under the original package – and will be open until 11.59pm on Thursday, 24 June 2021. Businesses will only need to fill one application.

The extra allocations take the support for the Business Costs Assistance Program to $370 million and the Licensed Hospitality Venue Fund to $70 million. Details on the $20 million Events Support Package for operators in the events industry who have incurred losses due to restrictions will be provided shortly.

The Victorian Government has renewed its request for JobKeeper support for workers from the Commonwealth Government.

Facebook
Twitter
LinkedIn
Email
Print

Leave a Reply

Your email address will not be published. Required fields are marked *

SUBSCRIBE FREE
SME NEWS BRIEFS

Get breaking news delivered
This field is for validation purposes and should be left unchanged.
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?