Huge Assistance for Victorian Small Businesses impacted by COVID-19

All information directly from Business Victoria website.

Grant Overview

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.

Eligibility

Businesses are eligible to apply for a grant through the Fund if they meet the following criteria:

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:

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?

APPLY ONLINE.
* This will take you to the Business Victoria website.

Are You Ready to get your business trading online?

We are at the ready to help your business to start trading online – whether you’re a restaurant, a retail store, a liquor store – all trying to offer experience for your customers and guests.

Contact us for a quote today.

Leave a Reply