The Small Business COVID Hardship Fund is now open for applications. This forms part of the Victorian Business Support package announced last month. If your business has not previously received any means of COVID support from the Government, you may be eligible.
Here’s what you need to know:
This fund is only available to businesses who have not received a benefit from other COVID-19 support grants since 27 May 2021.
Small and medium businesses with a payroll of up to $10 million who have experienced a 70% or greater reduction in revenue will be eligible.
What’s on offer
Grants of $10,000 are available for eligible applicants.
Applications will close on Friday 10 September 2021 or until program funds are exhausted.
How to apply
In order to apply, you will need to provide evidence that your business has experienced a reduction in revenue of at least 70% for a minimum consecutive two week period since 27 May 2021 as a direct result of COVID-19 restrictions, in comparison to a similar trading period in 2019.
There are two main options for providing this evidence:
Option 1: We can prepare the documentation and apply on your behalf.
Please advise us as soon as possible if you would like us to do this for you by contacting your West Carr & Harvey Director or via firstname.lastname@example.org or 03 5222 4522.
Option 2: You can apply directly as a business owner and have the application verified by a “qualified agent” (we can act as your qualified agent, or a bookkeeper may be able to assist). Again, please contact us to advise if you would like to pursue this option.
Further information available here.
Additionally, there is an option to apply without a “qualified agent”, however this option can take up to 25 days to process. Further information can be found here.
If you would like further assistance or advice for you or your business during our current restrictions please feel free to contact us.