Support for businesses during COVID-19

There’s no denying that we’re facing tough times and many businesses are struggling to operate and make ends meet. It can be an overwhelming time and difficult to navigate the many resources available to businesses.

We’ve put together a brief list of available grants and other support for businesses at local, State and Federal levels.

Victorian State Government Support

The Business Support Package provides support to business and workers to help get them through to the other side. There is a list of grants and assistance available for businesses on the Business Victoria website

There’s also a business recovery and resilience mentoring program being run by the Victorian Government and Victorian Chamber of Commerce and Industry.

A Wellbeing and Mental Health Support for Victorian Small Businesses program is underway where Victorians dealing with the challenges of running a small business can get the mental health support they need.
 

NSW State Government Support

NSW Southern border small business support grant – designed to support small businesses with a grant to help cashflow. If your business is in Albury City, Greater Hume, Federation or Murray River Local Government Area and you can meet other eligibility criteria then you may be entitled to the grant. Check out the details, applications close 18 October 2020. 

Get guidance for your business with the Business Concierge Service with Service NSW; register for a call back from a Business Concierge and they can help you navigate the options available for businesses in your region.

Assistance from the Australian Government

Federal assistance include the JobKeeper Payment – work with your accountant to make sure your business is eligible and making appropriate payments.

The Safety Net – temporary changes to insolvency laws mean that businesses have a safety net so they can resume normal operations when the crisis has passed. Talk to the ATO about what this could mean for your business and to see if you’re eligible.
View the full range of support for businesses and employers through the ATO.

Local support

Contact your local Council and find out if there are financial hardship relief programs, including ways ways that they can help out with rates payments.  

Your local Council may also have access to economic development, tourism and industry specific resources and grants and are a great resource for local, on-the-ground knowledge.

The local Chamber of Commerce can also put you in touch with regional development programs that may have funding and grants available.

Talk to the bank

Get in touch with your bank and find out if there are hardship provisions available that may enable you to defer loan payments. Call us on 1300 368 555 to see if we can help.

This is not a complete list of available resources by any means, but will give you an idea of what’s available and from whom.

Getting financial advice is important, so make sure you’re in touch with your accountant or financial advisor and they can also help you get the best advice.

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