New grants help recovery

Thousands of small businesses reopening after the covid-19 shutdown will benefit from funding of up to $3000 from July 1 under a new Small Business Recovery Grant.
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.
“We are getting NSW back to business by helping entrepreneurs and mum and dad owners to relaunch and revitalise their businesses,” he said.
“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.
“We know when we support small business, we create jobs and we support our broader economy.”
Business NSW CEO Stephen Cartwright said: “Small business owners across the State have done it tough during the pandemic, with many impacted by bushfires and drought prior to that. Many have had to lay off staff and are struggling to just survive.
“They will certainly appreciate this new support package from the Government as they ramp up their operations following hibernation.
“Business NSW will be encouraging all of our member businesses to apply for the grant as it will help to kick start their operations, re-engage staff and allow them to get back to the ‘new normal’,” Mr Cartwright said.
The Small Business Recovery Grant can only be used for expenses from July 1 and where no other Government support is available. More information will be made available on the Service NSW website closer to the launch.
Eligible businesses and not-for-profits must meet a range of criteria including:
• Australian Business Number as at March 1, registered in NSW;
• Have total Australian wages below the NSW Government 2019-20 payroll tax threshold of $900,000 as at March 1;
• Have fewer than 20 Full Time Equivalent staff (including non-employing businesses) as at March 1;
• Have an annual turnover of more than $75,000 as at March 1;
• Have experienced a decline in turnover of at least 30 per cent from March to July 2020 compared to the equivalent period (of at least two weeks) in 2019;
• Are in a highly impacted industry as at March 1. These industries were impacted by the COVID-19 Restrictions on Gathering and Movement Order 2020;
• Have costs from July 1 associated with safely re-opening or scaling up their business.