Additional $10,000 grants available for eligible businesses

The Victorian Government have announced Stage 4 ‘Stay at Home’ restrictions across metropolitan Melbourne and Mitchell Shire and Stage 3  for regional Victoria for the next six weeks. As a result of the new lockdown it has also been announced that there will be an expansion of the Victorian Government’s Business Support Fund.

To support businesses impacted by these restrictions, one-off grants will be made available to eligible businesses under the Business Support Fund – Expansion program:

• $10,000 for employing businesses in metropolitan Melbourne and Mitchell Shire in recognition of spending longer under restrictions
• $5,000 for employing businesses in regional local government areas (except Mitchell Shire)

Businesses which have already received a Business Support Fund - Expansion grant, or have applied for one, will not need to re-apply. Successful applicants will automatically receive this additional allocation.

Applications for the program will be extended until 14 September 2020.

How to apply for the Victorian business grant

To be eligible for the grant, businesses must be located in the metropolitan Melbourne and Mitchell Shire areas and must employ people.  
Businesses must also:

• be a participant in the Commonwealth government’s JobKeeper payment scheme
• be registered with WorkSafe as of June 30, 2020
• have an annual payroll of less than $3 million in 2019-20
• be registered for GST as of June 30, 2020
• hold an Australian Business Number (ABN) and have held that ABN as of June 30, 2020
• be registered with the responsible federal or state regulator.  

Please contact your trusted Ashfords advisor if you have questions or require assistance with your application.

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