NSW Govt Small Business Grants 1 July 2020

July 11, 2020

Recovery To Reform
Small Business $3000 Recovery Grant Announced

The NSW Government’s $10,000 Small Business Support Grant closes today and to date has already received more than 49,000 applications for the grants worth $490 million. 

The NSW Treasurer recently stated that the Government is now moving from a response to a ‘Recovery and Reform’ footing by announcing a new Small Business  recovery grant of up to $3000 to help small businesses impacted by COVID-19 to safely re-launch their operations. 

With applications available from 1 July 2020, Minister for Customer Service, Victor Dominello stated that the application process for this new grant will be simple and easy for businesses to reopen safely and begin trading again. Minister for Finance and Small Business Damien Tudehope said the recovery grants can be used for marketing and advertising expenses, fit-outs and training staff to work safely in accordance to current health conditions.

Criteria for eligible businesses and not-for-profits must meet a range of criteria including:

Australian Business Number as at 1 March 2020 registered in NSW;

 Have total Australian wages below the NSW Government 2019-20 payroll tax threshold of $900,000 as at 1 March 2020;

Have fewer than 20 Full Time Equivalent staff (including non-employing businesses) as at 1 March 2020;

Have an annual turnover of more than $75,000 as at 1 March 2020;

Have experienced a decline in turnover of at least 30 per cent from March to July 2020 compared to the equivalent period (of at least two weeks) in 2019;

Are in a highly impacted industry as at 1 March 2020. These industries were impacted by the COVID-19 Restrictions on Gathering and Movement Order 2020;

Have costs from 1 July 2020 associated with safely re-opening or scaling up their business

Find out more HERE

In response to the COVID-19 pandemic, TAFE NSW, in conjunction with the NSW Government, is offering a number offee-free* short courses that can be completed in just days or weeks, offering practical skills and experiences across a range of industries.  Find out more HERE