The government has announced a raft of support measures to assist Victorian business owners and sole traders impacted by the latest lockdowns.
The new support will bolster those sectors and businesses most affected by restrictions including the entertainment and performing arts and the events sector.
An injection of $282.5 million means 90,000 Victorian businesses and sole traders will now share in up to $484.3 million in support for the 12 days of the current vital public health action, with automatic top-ups for the lockdown extension to be made in coming days.
“We’re making sure the businesses most affected by the lockdown have a chance to emerge from it in decent shape, so they can continue to play their vital role as employers and drivers of Victoria’s economy,” said Minister for Industry Support and Recovery Martin Pakula.
Here’s how support will flow
Eligible Licensed Hospitality Venue Fund recipients will receive $4,200, taking the total payment to $7,200, while Business Costs Assistance Program recipients will receive $2,800, increasing the total grant to $4,800.
Businesses that had chosen not to apply for these support programs in relation to the May/June lockdown, or had been ineligible to apply but are now eligible, will be welcome to apply for July lockdown support payments and will be considered outside of the automatic top-up process.
Alpine hospitality, retail, accommodation and experience operators have been hit hard in their high season. Businesses that were eligible for grants of up to $15,000 will receive an extra $3,000 through a fresh $1.2 million injection, on top of any entitlements under the Licensed Hospitality Venue Fund or Business Costs Assistance Program.
Micro business owners now eligible for disaster payment support
Discussions with the Commonwealth Government have confirmed that the vast majority of micro businesses not registered for GST will be eligible for the Covid-19 Disaster Payment of $600/$375 per seven-day period. The Victorian Government will establish a concierge service to help these businesses access this support.
Meanwhile, a new round of the Live Performance Support programs, with funding of up to $7,000 for presenters and up to $2,000 for suppliers, has also been confirmed.
Eligible public events and public events suppliers affected by the lockdown will also receive support of up to $25,000 and $10,000 respectively through an extension of the Impacted Public Events Support Program.
“Our live performance sector has been doing it tough, with events being cancelled and gigs lost – that’s why we are providing additional support for those who work on stage and behind the scenes,” said Minister for Creative Industries Danny Pearson.
Local clubs to also receive support
A new round of the Sporting Clubs Grants Program has also been announced to provide $2,000 grants for community sport and active recreation organisations for events that have been unable to proceed or will have to be cancelled or postponed.
The Victorian Government has provided almost $7 billion in direct economic support for businesses over the course of the pandemic, including more than $500 million through the May/June restrictions period with $461.2 million allocated for the lead Business Costs Assistance Program and Licensed Hospitality Venue Fund.
“Small businesses are central players in every community across Victoria, and we are backing them at every step of this crucial fight, ” said Minister for Small Business Jaala Pulford.
More information about businesses support is available at business.vic.gov.au.
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