Regional small and medium-sized businesses at risk of income loss as a result of the state-wide lockdown, will be offered a $3,000 emergency cash grant as part of a major financial assistance package announced by the State Government.
The new Business Support Package will support an estimated 50 thousand business across the state, including gyms, hairdressers, cafes and pubs – and will be worth about $100 million.
It will help businesses cover ongoing operating costs such as rent, power bills and supply costs ensuring they are able to re-open when restrictions ease.
This immediate lifeline has been modelled on similar schemes interstate and could be extended if the lockdown moves into another week.
The major support package also includes a new $1,000 cash grant for eligible small businesses who don’t employ staff (eg. non-employing sole traders).
And fully-funded income support payments of up to $600 per week for eligible workers in regional SA, who live or work outside of the Commonwealth-declared ‘Hotspot’ local government areas (and, therefore, not entitled to the Federal Government’s $375 or $600 per week support payments).
Register interest in business support cash grants, email: [email protected]
Applications for the grant are expected to open within the next two weeks via the Treasury website and grants will be processed as quickly as possible.
To be eligible for the grants, the following must apply as at 12:01am Tuesday 20 July 2021:
- Be located within South Australia
- Have an annual turnover of $75,000 or more in 2020-21 or 2019-20
- Employ people in South Australia
- Have an Australia-wide payroll of less than $10 million in 2019-20
- Have a valid Australian Business Number (ABN)
- Experienced at least a 30 per cent reduction in turnover compared to the week prior