Victorian Government launches $500mil Business Support Fund
- Belinda Michell
- Mar 29, 2020
- 1 min read
The Victorian Government has launched the $500 million Business Support Fund to help small businesses survive the impacts of the coronavirus (COVID-19) pandemic and keep people in work.
Small businesses are eligible if they:
employ staff
have been subject to closure or are highly impacted by Victoria’s shutdown restrictions announced to-date
have a turnover of more than $75,000
have payroll of less than $650,000
hold an ABN and held it at 16 March 2020
have been engaged in carrying out the operation of the business in the Australian State of Victoria
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.
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.
How to apply
Click on the link below:
The potential value of the grant is $10,000.00 per business.
If you have any problems, please do not hesitate to contact me on 03 9762 6652. Or subscribe here to get updates as they are announced.
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