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

Three generations of Greek Australian Christmas celebrations

The Tragellis-Alepidis women, each with their own Christmas memories, have woven a beautiful tapestry of tradition, love, and family.

‘It’s magical’: Why Greek Australians love Christmas in Greece

We spoke with several Greek Australians who have spent the festive season in different parts of Greece - Athens, Larissa, Elis, and Katerini.

Thessaloniki at Christmas: Rich history, culture and festive charm

Each December, Thessaloniki transforms into a winter destination, composing a blend of rich history, culture, and Christmas charm.

Jaaks and The Kyle Bay win at the 2024 National Restaurant and Catering Awards

Jaaks and The Kyle Bay have received two prestigious awards at the recent 2024 National Restaurant & Catering Awards for Excellence.

Why John and Joanne celebrate Christmas in Greece the British way

Joanne and John's Christmas celebrations take place in Greece, but it is a British-style Christmas for the couple and their family.

You May Also Like

It’s about authenticity: Photographer Melissa Gamvros on her project ‘Woven Pictures’

Sydney based photographer Melissa Gamvros discusses her project, Woven Pictures, which aims to highlight authenticity in portrait photography.

Boxcars used in deportation of Thessaloniki Jews to Auschwitz are being restored

Two railway boxcars used to deport Jews from Thessaloniki to Auschwitz during WWII are being restored, thanks to the initiative of 93-year-old Savvas Koen.

How Tom Hanks and Rita Wilson’s marriage has stood the test of time in Hollywood

Tom Hanks and Rita Wilson were married in 1988 and, this year, are celebrating their 35 year wedding anniversary.