Victorian Government’s Business Support Fund now open
Communique from Department of Jobs, Precincts and Regions, Victoria – for distribution to VIC/TAS Members
With the coronavirus (COVID-19) pandemic impacting industries, the Victorian Government is responding with a $1.7 billion Economic Survival Package to support businesses and workers.
Today one of the key programs in the package, the $500 million Business Support Fund, is officially open to applications. We urge you to promote it to your members.
The Business Support Fund will help small businesses highly impacted by shutdown restrictions. Those businesses can apply for a $10,000 grant towards operational costs and to help keep people in work.
To be eligible, businesses must already employ staff, have payroll of less than $650,000 and a turnover of more than $75,000. Full details on eligibility and how to apply are set out on the Business Support Fund webpage business.vic.gov.au/businesssupportfund. https://www.business.vic.gov.au/support-for-your-business/grants-and-assistance/business-support-fund
Small businesses make a significant contribution to the Victorian economy. The Business Support Fund and other programs in the Economic Survival Package will help them survive the impacts of the coronavirus.
The attached fact sheet: https://www.business.vic.gov.au/__data/assets/pdf_file/0005/1888997/Economic-Survival-Program-Fact-Sheet.pdf provides further information about the Victorian Government’s Economic Survival Package.
Businesses needing guidance on dealing with the coronavirus can also check the Business Victoria website business.vic.gov.au<http://www.business.vic.gov.au> or call the Business Victoria hotline 13 22 15.
The impacts of the pandemic on businesses across our state are unprecedented and the Victorian Government is committed to working with you to help them get through to the other side.
Director | Small Business Victoria | Jobs, Innovation and Business Engagement
Department of Jobs, Precincts and Regions
Mob: 0427 090 577