All information directly from Business Victoria website.
The Victorian Government has launched the $500 million Business Support Fund to help small businesses survive the impacts of coronavirus (COVID-19) and keep people in work.
The Fund is part of the Victorian Government’s $1.7 billion Economic Survival Package.
Eligibility criteria and application guidelines are outlined below. Please read them before completing an application.
Applications can be made via the ‘Apply now’ button at the bottom of this page.
Program closes on May 31st.
At a glance
Potential value of grant
Funding of $10,000 per business is available and will be allocated through a grant process.
Businesses are eligible to apply for a grant through the Fund if they meet the following criteria:
- Have been subject to closure or highly impacted by Restricted Activity Directions issued by the Deputy Chief Health Officer to-date; and
- Employ people; and
- Have a turnover of more than $75,000; and
- Have payroll of less than $650,000; and
- Hold an Australian Business Number (ABN) and held that ABN at 16 March 2020 (when the State of Emergency was declared); and
- Have been engaged in carrying out the operation of the business in the Australian State of Victoria on 16 March 2020.
More details about eligibility and guidelines on how to apply below.
1: What is the Business Support Fund for?
The Business Support Fund is for small businesses that employ staff and are subject to closure or are highly impacted by the shutdown restrictions announced by the Victorian Government as a result of coronavirus (COVID-19). This includes businesses in the hardest hit sectors including:
- Accommodation and Food Services (e.g. cafes, restaurants, caterers, hotels, motels)
- Arts and Entertainment (e.g. cinemas, performing arts venues, creative spaces, performers, museums)
- Health and Beauty Services (e.g. hairdressers, barbers, beauty therapists)
- Sport and recreation (e.g. gyms, swimming pools, indoor climbing, play centres)
- Tourism (e.g. tourist transport, tour operators, tour arrangement)
- Retail, other than supermarket, groceries, liquor and pharmacy businesses
- Other Services (e.g. real estate agents)
Eligibility for this fund will be assessed against the industry classification of the applicant’s Australian Business Number.
Applicants should ensure that the industry classification linked to their Australian Business Number reflects their current business activity and is up-to-date.
This information should be read in conjunction with the Restricted Activity Directions issued by the Deputy Chief Health Officer to-date.
If you have further questions about the Business Support Fund or eligibility criteria, please read the FAQs.
While owners of businesses that do not employ people (non-employing businesses) are not eligible for funding through this program, they can seek support through the Commonwealth Government’s Job Seeker Payment Program.
2: How can the funding be used?
Examples of what the grant funding could be used for include:
- Meeting business costs, including utilities, salaries, rent
- Seeking financial, legal or other advice to support business continuity planning
- Developing the business through marketing and communications activities
- Other supporting activities related to the operation of the business.
3: Evidence of eligibility and compliance
- Applicants must certify in writing that they meet the eligibility criteria.
- Applicants will be subject to audit by the Victorian Government or its representatives and will be required to produce evidence, such as payroll reports to demonstrate impact, at the request of the Victorian Government for a period of four years after the grant has been approved.
- If any information in the application is found to be false or misleading, or grants are not applied for the purposes stated in the terms of funding and application, the grant will be repayable on demand.
4: How to apply
Applicants must submit an application online via the ‘Apply now’ button on this page.
Applicants are required to provide a copy of their most recent Business Activity Statement (BAS). Other supporting materials can also be provided.
For guidance on what is considered acceptable as BAS please refer to the BAS Statement Examples.
Note: Lodged Business Activity Statements are available on the ATO’s Business Portal or through your tax agent.
All questions in the application must be completed and any requested documentation attached to ensure timely assessment and grant payment.
Please refer to the FAQs page for answers to questions you may have about your application.
If you require further assistance please call 13 22 15 or email Business Vic.
Ready to apply?
* This will take you to the Business Victoria website.
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