Thousands of small businesses reopening across NSW after the COVID-19 shutdown will benefit from funding of up to $3,000 under a new Small Business Recovery Grant.
Applications will open on 1st July 2020 to help businesses safely relaunch their operations with funds remaining from the $750 million Small Business Support Fund. NSW Treasurer Dominic Perrottet announced the new recovery grants last week after delivering an economic update to the NSW Parliament as the Government moves from response to a “Recovery and Reform” footing.
“The NSW collective prosperity has always been built on hard work, and creating jobs is the number one priority of the NSW Government,” Mr Perrottet said. “We signal to the people of NSW a shift in direction, from response to recovery. It’s time to get the show back on the road. Keeping people in jobs and businesses in business is at the heart of everything we are doing.”
“Applying for this new grant will be simple and easy, so businesses can focus on reopening safely and welcoming back customers,” Mr Dominello, NSW Minister for Customer Service said.
The $10,000 Small Business Support Grant closes on 30th June and so far more than 49,700 businesses have applied for the grants worth more than $490 million.
Minister for Finance and Small Business Damien Tudehope said the new grants would help businesses turn their lights on, open their doors and welcome back customers and clients. “The grants can be used to cover marketing and advertising expenses, make fit-out changes and train staff in how to work safely under the current health conditions. Small business owners can also get advice from Business Connect advisors to help them innovate, pivot or take advantage of opportunities in the market.”
The Small Business Recovery Grant can only be used for expenses from 1st July 2020 and where no other Government support is available.