Businesses struggling with the COVID-19 Omicron wave of the pandemic have been offered new financial support grants in NSW, SA and WA.
These grants have just been announced by the three state governments and will be a very welcome cash injection for struggling small businesses.
New South Wales
The NSW government has announced a $1b support package for struggling NSW small businesses.
Acknowledging the difficulty that business operators have faced, the NSW Treasurer Matt Kean has announced a package of measures to support small businesses impacted by COVID-19 over January and February 2022.
There have also been changes/extensions to the Alfresco Restart rebate, commercial landlord relief, and NSW performing arts package.
For all the details à NSW Business Support
OR visit the NSW Government Service NSW website
Applications are expected to open mid-February.
The South Australian government has introduced two rounds of support for businesses impacted by health restrictions. Businesses must have had a decline in turnover (listed below) and effective only between 10 January 2022 to 30 January 2022 (inclusive):
- Tourism, hospitality and gym grant – turnover reduced by 30% or more
- Business hardship grant – turnover reduced by 50% or more
For more information including all eligibility criteria, visit Government of SA website
Applications open 14 February.
Western Australia has been hit with compounding issues of border closures, COVID-19 and natural disasters.
The latest grant provides financial assistance of up to $12,500 ($1,130 for each impacted day) to small businesses in the hospitality, music events or arts sectors that were directly financially impacted by the Chief Health Officer’s COVID restrictions (directions) from 23 December 2021 to 4 January 2022. Non-employing businesses will receive up to $4,400 ($400 per day).
For more information including eligibility criteria and how to apply, visit the Government of WA Small Business Assistance Grant website.
How can Walsh Accountants help?
Specialising in Entrepreneurial and Business Support – we’re here to help you throughout this period of instability. Our team of accountants are here to assist you with all the knowledge we have to help you adapt to the changing environment and keep your business afloat.
If you are in need of our assistance, we encourage you to contact us as soon as possible.