The Victorian Government has announced a $143 million package to support eligible businesses impacted by the circuit breaker action to limit the spread of COVID-19. This package of cash grants and direct payments is expected to help more than 50,000 Victorian businesses. It includes four initiatives to support small businesses, including sole traders.
- The new $92 million Business Costs Assistance Program offers grants of $2000 for eligible businesses and sole traders in the most impacted sectors. Applications are open now and will close on Tuesday 16 March 2021.
- A $24.9 million injection to the Licensed Hospitality Venue Fund will give previous eligible recipients of this grant a $3000 one-off, per premises payment.
- The $16.2 million Victorian Accommodation Support Program will assist accommodation providers that had bookings cancelled between Friday 12 February and Wednesday 17 February due to the circuit breaker action. Registrations of interest are now open.
- A further $10 million investment will expand and build on the success of the Regional Travel Voucher Scheme. There will be a new Melbourne Travel Voucher Scheme offering 40,000 vouchers for greater Melbourne and an additional 10,000 vouchers to support travel in regional Victoria.
Further information on these programs is available on the Business Victoria website – https://bit.ly/3klYtmD.
Give us a call if you have any questions about the Circuit Breaker Action Business Support Package.
