$10,000 Small Business Support Grant

Posted 3 Apr '20

$10,000 Small Business Support Grant

By Katy Isherwood

The NSW Government has today announced that grants of up to $10,000 will be made available for eligible small business affected by COVID-19 restrictions.

Eligible businesses are those that operate in an industry that has been highly impacted by the Public Health (COVID-19 Restrictions on Gathering and Movement) Order 2020 issued on 30 March 2020, these industries include:

• Retail trade
• Accommodation and food service
• Rental, hiring and real estate services
• Administrative and support services
• Arts and recreation services

Eligible businesses will need to have:

• Between 1 and 19 employees
• Payroll below the NSW 2019-2020 payroll tax threshold of $900,000
• A turnover of more than $75,000
• Experienced a decline in turnover of 75%
• An ABN as at 1 March 2020, be based in NSW and employ staff at 1 March 2020

If eligible for the grant, the funds are able to be used for unavoidable business costs including:

• Utilities
• Overheads
• Legal Costs
• Financial Advice

This scheme will be administered by Service NSW with application for the grants to open on the Service NSW website by 17 April and to remain open until June 1. Further information is available from Service NSW here.

Your WDF team will provide more information on the application criteria and process once this information is available.