Victorian COVID-19 grants to continue
COVID-19 grants for small to medium-sized businesses in Victoria will continue through the next 6 weeks, at which point Victoria is expected to reach 80% vaccination.
Victoria is forecasted to reach the vaccination rate of 70% around 26 October and 80% on 5 November. The availability of the grants, jointly funded by the Commonwealth and Victorian Governments, to be made available until the 80% target is reached is explained below.
Business Costs Assistance Program Round 5
Automatic payments will be provided to recipients of the Business Costs Assistance Program across October and into the first half of November.
Businesses will be eligible to receive 2 fortnightly payments between 1–29 October on a rising scale. Eligible non-employing businesses will receive $1,000 per week, increasing to $2,800 a week for an annual payroll of up to $650,000, $5,600 a week for a payroll of $650,000 to $3 million and $8,400 a week for a payroll of $3 million to $10 million.
Businesses that remain closed or severely restricted between 70% and 80% full vaccination will receive an automatic payment for the period from 29 October to 13 November.
The full list of eligible ANZSIC codes for the Business Costs Assistance Program will be available on the Business Victoria website on 1 October 2021.
Businesses that have previously received or been approved for a Business Costs Assistance Program Round Two or July Extension grant will be eligible for these payments.
Licensed Hospitality Venue Fund
More than 9,000 licensed hospitality businesses that have previously received grants under the Licensed Hospitality Venue Fund or July Extension programs will receive further automatic payments in October.
Weekly payment amounts are stepped according to premises capacity: $5,000 for a capacity of up to 99 patrons or where patron capacity is not specified, $10,000 for a capacity of 100 to 499 patrons, and $20,000 for a capacity of 500 or more.
Between 70% and 80% full vaccination, payments for licensed premises in metropolitan Melbourne will be reduced by 25%, and in regional Victoria by 50%.
Impacted Public Events Support Program Round Two
The Impacted Public Events Support Program Round Two will deliver grants of $25,000 to organisers of Tier 1 and Tier 2 events under the Public Events Framework that are approved or registered to take place between 11:59pm on 24 June 2021 and 11:59pm on 23 September 2021.
Suppliers to Tier 1 and Tier 2 events may be eligible for a $10,000 grant under this program.
Businesses that received a grant through the initial Impacted Public Events Support Program may receive funding through the Impacted Public Events Support Program Round Two if they have another, unique event that was cancelled between 11:59pm 24 June 2021 to 11:59pm 23 September 2021. They may also receive funding if the original event was rescheduled and cancelled again in that period.
If you would like to speak to us about COVID-19 grants for Victorian small business or any COVID-19 support grants, please contact us on 03 9693 5000 or send us an email to office@dfknugents.com.au.
