Continued support for business impacted by lockdown extension (VIC)

Continued support for business impacted by lockdown extension (VIC)

A new round of support measures have been announced for businesses impacted by the extension of the Melbourne lockdown to 2 September 2021.

Funded jointly by the Commonwealth and Victorian Governments, this further package of support will ensure that during the extended period of public health restrictions in Melbourne the current level of support for businesses will continue.

Small Business COVID Hardship Fund

More funding will be available for the Small Business COVID Hardship Fund with grants increasing from $10,000 to $14,000 and available to small and medium-sized businesses across Victoria.

The fund will help those businesses that have been ineligible for business support programs and have experienced a reduction in revenue of at least 70%.

Businesses that are legally allowed to operate but are restricted in their ability to generate revenue, eg a food store located at a shopping centre or a manufacturer supplying goods for closed venues, will be among those businesses that might be eligible.

Business Costs Assistance Program

Eligible businesses in metropolitan Melbourne that are significantly affected due to the lockdown but continue to incur costs will automatically receive payments of $5,600 ($2,800 per week).

Licensed Hospitality Venue Fund 2021

Automatic payments of $5,000, $10,000 and $20,000 per week will be made to licensed hospitality premises in metropolitan Melbourne that have previously received grants under the Licensed Hospitality Venue Fund 2021 or July Extension programs.

Payment amounts will be stepped according to premises capacity: $5,000 for a capacity of up to 99 patrons, $10,000 for a capacity of 100 to 499 patrons and $20,000 for a capacity of 500 or more.

COVID-19 Disaster Payments

Eligible workers in Melbourne and across Victoria who lose hours of work due to the lockdown will be able to access the Commonwealth’s COVID-19 Disaster Payment, as will individuals who are sole-trader business owners who lose work and that do not qualify for Victorian Government support programs.

The payment is administered through Services Australia and is set at $450 for people who have lost from 8 to 20 hours work or a full day of work (over 7 days), and $750 for 20 hours or more of work lost. Those receiving certain Commonwealth income support are eligible to receive a $200 payment where they have lost 8 hours or more of work due to the lockdowns.

For further information about the Small Business COVID Hardship Fund, please visit Business Victoria website by clicking the button. 

Alternatively, if you wish to speak to one of our team regarding these support programs or any other COVID payments please contact our office on 03 9693 5000 or email us at office@dfknugents.com.au

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