federal pandemic "cash flow boost" funding

Between natural disasters and pandemic-related upheaval, small businesses have been slammed time and again across all of Australia over the last few years. State governments across the nation, as well as the Federal government, have regular, new funding opportunities to help keep your small business afloat through these tough times. We’ve collated as much of the pandemic funding as we find below.

If you’re in one of the areas below and you’ve been affected, you could be eligible for thousands in financial relief. Don’t wait, apply now.

Federally, the COVID-19 Disaster Payment has been amended to be delivered swiftly in the event of any lockdown at an increased rate of $600 and $375 per week to individuals, depending on number of hours of work lost due to a lockdown.

The new COVID-19 Disaster Payment amount is now officially the same as what was available under JobKeeper.

And both Victoria and Queensland have just today (13 August 2021) announced new joint Commonwealth-state funding initiatives for each state.

HABA has listed all funding available including all Federal support on their site here.

NSW

The COVID-19 Disaster Payment has been topped up for those in the July-August 2021 lockdown. Payments are now $750 per week for people who have lost more than 20 hours of work per week and $450 for those who have lost 20 or fewer hours of work per week. Apply here. The topped up payments will be available starting the week of Sunday 1 August 2021.

According to The ABC “People already receiving welfare payments such as youth allowance or a carers payment will also be able to claim COVID-19 disaster payments for the first time. They will get $200 a week if they have lost more than eight hours of work, on top of their existing benefits.”

NSW has the biggest joint funding package announced with tens of thousands in aid revealed for micro and small businesses as well as other tax-based relief measure.

Applications can be made through Services NSW later this month.

The Business Support Package has been updated to include JobSaver support of up to $100,000 per week, up from just $10,000. Both ends of the business-size spectrum (from micro to medium-to-large) are now covered, with businesses having an annual turnover from $75,000 up to $250 million now covered.

The ABC says “The NSW government will expand its Jobsaver program, which provides weekly payments for businesses suffering a downturn of 30 per cent or more. The threshold for eligible businesses will lift from $50 million to $250 million. Treasurer Dominic Perrottet said that would double the number of eligible businesses to 460,000. The maximum weekly payment to a business will increase from $10,000 to $100,000. It’s estimated the program will cost $650 million per week.” NSW 2021 COVID-19 Business Support Package.

Norther Territory

The Northern Territory has a $1,000 Territory Lockdown Business Payment now to eligible businesses, like beauty businesses, who were forced to close during the recent lockdown.

“The Territory Business Lockdown Payment has been established to provide immediate financial support to businesses during a lockdown period. This payment is an amount of $1,000 and those eligible will need to submit a simple online application.

A once-off extended closure payment of $1,000 will be made available to eligible businesses that were ordered to shut or stay shut by the chief health officer (CHO) under CHO Directions No. 32 of 2021, such as gyms, indoor or outdoor markets and indoor public swimming pools. For more details, get the CHO Directions No. 32 of 2021 PDF (538.8 KB) from the Coronavirus website.”

Western Australia

From July 19th, businesses in the Perth and Peel region who were affected by or forced to close due to the snap lockdown between 29 June and 2 July, and the subsequent restriction period), can apply for grants of up to $3,000 in the Small Business Lockdown Assistance Grants, Round 2. You will be able to apply here.

Victoria

The Victorian government announced new funding initiatives on 12 August 2021, during Melbourne’s sixth lockdown. You can find further information here and via the Premier’s statement on the news.

There are several new programs open to Victorian small and medium-sized businesses and individuals. The are the Business Costs Assistance Program, Business Continuity Fund, Small Business COVID-19 Hardship Fund and the COVID-19 Disaster Payment. Application details are not yet available for all funding option but information on what they entail and application open dates can be found at the links below and via the PM’s release.

Queensland

The Minister said small businesses will share in $2.5 million in the first round of the Business Boost program in 2021-22 with another round planned in 2022-23 with grants from $5,000 to $50,000 available and $15,000 small business grants available.

Businesses will need to co-contribute 30 per cent of the total cost of their proposed purchases, and grant funding will be paid following completion of the project.

“The grants can be used for activities such as website development and upgrades, strategic marketing, training and coaching, advisory services and planning for business continuity and succession,” Minister Farmer said.

These new grants are in addition to the Business Growth Fund grants of up to $50,000 and the new Business Basics grants of $5,000 which attracted hundreds of applications when they opened in May this year. To date $12.5 million in Small Business Grants have been launched under the Big Plans for Small Business Strategy.  

Applications for the new Business Boost grant open 30 July 2021 here.

South Australia

New $3,000 and $1,000 business support grants are being made available to businesses affected by the July 2021 South Australian lockdown. Beauty businesses have been specifically named as one of the eligible category of businesses.

ACT

Tasmania

  • Find information for COVID-related small business funding here

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