Small businesses in NSW to receive $10,000 grants for ‘fast relief’ during coronavirus pandemic

·

NSW Premier, Gladys Berejiklian, has announced that thousands of small businesses across NSW struggling to cope with the COVID-19 shutdown will receive grants of up to $10,000 under a new assistance scheme.

The NSW Government will put $750 million into the Small Business Support Fund as the centrepiece of a third wave of support measures to keep small businesses afloat.

Deserted Chinatown in Sydney amid coronavirus panic. Source: 9 Honey.

“This is about getting cash into small businesses when they are struggling right now in the face of an unprecedented situation,” Ms Berejiklian said.

“These grants will provide a big boost, and we will make the application process easy to ensure small businesses can receive some cash-flow as soon as possible to meet pressing needs.” 

Treasurer, Dominic Perrottet, said many local cafes, restaurants, corner shops, gyms and small accommodation providers will be eligible to apply.

“This is real, rapid relief for tens of thousands of businesses and it will help ensure many businesses that are not eligible for payroll tax waivers and deferrals can live to trade another day,” Mr Perrottet said.

“We have the structures in place after the bushfires and expect to see this money rolling out the door shortly.”

Applications for a small business grant of up to $10,000 will be available through Service NSW within a fortnight and will remain open until 1 June 2020.

To be eligible, businesses will need to:

  • Have between 1-19 employees and a turnover of more than $75,000.
  • A payroll below the NSW Government 2019-20 payroll tax threshold of $900,000.
  • Have an Australian Business Number as at 1 March 2020, be based in NSW and employ staff as at 1 March 2020.
  • Be highly impacted by the Public Health (COVID-19 Restrictions on Gathering and Movement) Order 2020 issued on 30 March 2020.
  • Use the funding for unavoidable business costs such as utilities, overheads, legal costs and financial advice.
  • Provide appropriate documentation upon application. 

Advertisement

Share:

KEEP UP TO DATE WITH TGH

By subscribing you accept our Terms of Service and Privacy Policy.

Advertisement

Latest News

Greece said ‘no’ to Italians in WWII, but answered to a Roman name

On OXI Day, The Greek Herald reflects on how one word - “No” - continues to shape identity, language and belonging.

How Vietnam veteran Steve Kyritsis made it his work to honour forgotten WWII soldiers

For Vietnam veteran Steve Kyritsis OAM, what began as a request from the Greek Consulate 14 years ago has become a lifelong mission.

Young Greek Australians reflect on OXI Day and their cultural identity

OXI Day remains a symbol of hope and national pride in Greek history, especially for the younger generations.

St Demetrios Greek Orthodox church at St Marys hosts first-ever Paniyiri

People flocked to St Demetrios Greek Orthodox Church at St Marys on Sunday to celebrate the feast day of the parish’s patron saint.

Kezilas family donates historic baptism record to Greek Orthodox Archdiocese of Australia

His Grace Bishop Bartholomew of Brisbane has received the first recorded Baptism Certificate issued in Australia, dating back to 1924.

You May Also Like

Insight or Perspective: If we lose the language we lose everything!

Eleni Kostakidis, a teacher of Modern Greek and University lecturer is writing about the preservation of the Greek language in Australia.

‘This one is for the fans’: Sooshi Mango win at the AACTA Awards 2021

Everyone's favourite ethnic comedians, Sooshi Mango, won 'Favourite Australian Digital Comedy Creator' at the AACTA Awards last night.

Greek government launches international initiative for Hagia Sophia

A small working group will be created in Greece to propose a specific action plan to raise awareness within the international community about Hagia Sophia.