The Victorian Government has announced additional support for businesses most impacted by the extended lockdown in Melbourne.
The new package includes:
- The Small Business COVID Hardship Fund which will provide $10,000 grants to eligible businesses that have experienced a reduction in turnover of at least 70%.
- Through the Businesses Costs Assistance Program, more than 95,000 businesses in metropolitan Melbourne will automatically receive payments of $2,800.
- The Licensed Hospitality Venue Fund will automatically be paid to 7,000 licensed hospitality venues in metropolitan Melbourne that have previously received or been approved for grants under the program. Payment amounts will be tiered according to venue capacity: $5,000 for a capacity of up to 99 patrons, $10,000 for 100-499 patrons and $20,000 for a capacity of 500-plus.
- Eligible workers and sole trader businesses who lose hours due to the lockdown will be able to access the Commonwealth’s COVID Disaster Payment. Payments of $750 will be made to Victorians that lose 20 hours or more of work over seven days, and payments of $450 will be made to individuals that lose between 8-20 hours over seven days.
For more information visit the Business Victoria website.