A new jointly funded package from the Commonwealth and Victorian Governments will give Victorian small and medium businesses the extra support and confidence they need to recover from the recent lockdown.
The new Victorian Business Support Package will deliver an additional $400 million in support to thousands of businesses, with funding to be split 50/50 between the Commonwealth and Victorian Government.
It will build on Victorian Government support for licensed hospitality and alpine venues, with $70 million for the Licensed Hospitality Venue Fund 2021 and $9.8 million for Alpine Business Support. Licensed hospitality venues can receive grants of up to $20,000 as their operations continue to be impacted by current restrictions. These grants recognise that larger venues depend more on dine-in and have higher operating costs, so need more support than smaller operations. An additional $2,000 will also be made available to the business if it is located within the CBD.
The package also includes a new $85 million Small Business COVID Hardship Fund and $156 million Business Continuity Fund, as well as delivering support for commercial tenants and landlords.
Find out more about the Victorian Business Support Package here.
Find out more about the Commercial Tenancy Relief For Victorian Businesses here.