The Victorian lockdown has been extended for another week, as small businesses are left to grapple with the growing losses the lockdown is causing.
In response, Acting Premier James Merlino has announced a further $209 million of support for Victorian businesses, bringing the total amount of state business relief to nearly $460 million.
The new package will build on the original ‘Circuit Breaker’ Business Support Package announced last week, doubling the business grants first introduced in the Business Costs Assistance Program & Licenced Hospitality Venue Fund 2021. This means that:
- General businesses affected by the lockdown, including sole traders, are eligible for up to $5,000.
- Licensed hospitality venues are eligible for up to $7000.
According to Merlino, businesses who are affected by only one week of lockdown restrictions will only be eligible for the original grant amounts, but metropolitan and regional businesses affected for both weeks will receive these doubled amounts. You can find out more about eligibility and how to apply here, on the Business Victoria website.
Applications for the grant open today, Thursday the 3rd of June! They’ll be open until 11.59 pm on Thursday, 24 June 2021, so be sure to get in fast if you need assistance.
If your business has been affected by the latest lockdown restrictions, and you’re feeling like you need to re-strategise, then don’t hesitate to contact us. We’ll help guide you through this.
Disclaimer: This advice is general in nature and does not take into account your personal objectives, financial situation or needs. You should consider whether this advice is suitable for you and your personal circumstances before acting on it.