Support for Victorian businesses…
An injection of $282.5 million means 90,000 Victorian businesses and sole traders will now share in up to $484.3 million in support for the 12 days of the current vital public health action, with automatic top-ups for the lockdown extension to be made in coming days.
The Premier's full statement can be found here (https://www.premier.vic.gov.au/support-builds-businesses...).
To view what financial support for businesses and workers is available, please click here (https://www.coronavirus.vic.gov.au/financial-support-for...).
The Business Costs Assistance Program provides $2,500 grants for eligible employing and non-employing businesses in sectors most impacted by the circuit breaker lockdown announced on 27 May 2021. This includes businesses operating in an industry that cannot operate under the circuit breaker restrictions and which cannot work remotely.
The Licensed Hospitality Venue Fund 2021 program will run for three weeks from 2 June 2021 and provide businesses holding an eligible liquor licence and food certificate with a $3,500 grant per premises.
You may qualify for the Small Business Digital Adaptation Program.
If you have apprentices, you may qualify for the JobTrainer apprentice supplement
If you need help with energy bills, such a electricity, you may qualify for Energy payment support
You can apply for extended and expanded payroll tax deferral. Eligible businesses with payrolls up to $10 million can defer their liabilities for the full 2020/21 financial year
There is also a range of support available for businesses from the Australian Government, including guaranteed loans, early access to superannuation and support with creditors.
Adapting your approach
If you would like to look at different ways to fine tune your business, such as remote operating, eCommerce and budgeting, you can visit Upskill My Business
Business recovery and resilience mentoring is available through Business Victoria.