Government cash unlocked
REGIONAL VICTORIAN BUSINESSES OFFERED EXTRA SUPPORT AS LOCKDOWN IMPOSED IN ENTIRE STATE
A package of automatic cash grants jointly funded by the Commonwealth and Victorian governments will provide regional Victorian businesses with support they need following the extension of the Victorian lockdown to the whole of the state.
Grants to be paid through the new $146.6 million initiative will be made automatically without the need for regional businesses to make an application.
These programs will support 20,000 businesses throughout regional Victoria.
Business Costs Assistance Program: About 18,000 businesses in regional Victoria will automatically receive payments of $5600 ($2800 per week) if they have previously received grants under the Business Costs Assistance Round Two or July Extension programs.
Small Business COVID Hardship Fund: Businesses in regional Victoria that do not qualify for this new support and have experienced a reduction in revenue of at least 70 per cent are encouraged to apply for the $252 million Small Business COVID Hardship Fund, which provides grants of $14,000 to successful applicants.
Licensed Hospitality Venue Fund: Automatic payments of $5000, $10,000 and $20,000 per week will be made to more than 2000 licensed hospitality premises in regional Victoria that have previously received grants under the Licensed Hospitality Venue Fund 2021 or July Extension programs.
The COVID-19 Disaster Payment: A payment of $450 for people who have lost from eight to 20 hours work or a full day of work (over seven days), and $750 for 20 hours or more of work lost.
Commonwealth income support: People who receive certain payments are eligible to receive a $200 payment where they have lost eight hours or more of work due to the lockdowns. Victorian micro-businesses and sole trader business owners who wish to apply for the Commonwealth COVID-19 Disaster Payment can access the Business Victoria Concierge Service on 13 22 15 and schedule an appointment that will provide them with assistance to make an application.
Victorian Treasurer Tim Pallas said this support package would provide assurance to businesses in regional Victoria when they needed it the most.