Business Support Packages Announced

A package of automatic cash grants jointly funded by the Commonwealth and Victorian Governments
will provide regional Victorian businesses with the support they need following the extension of the
Victorian lockdown to the whole of the state.

Business Costs Assistance Program

Around 18,000 businesses in regional Victoria will automatically receive payments of $5,600 ($2,800 per week) if they have previously received grants under the Business Costs Assistance Round Two or July Extension programs.

The payments will allow businesses to continue paying overheads and other costs while they are unable to operate.

Licensed Hospitality Venue Fund

Automatic payments of $5,000, $10,000 or $20,000 per week will be made to more than 2,000 licensed hospitality premises in regional Victoria that have previously received grants under the Licensed Hospitality Venue Fund 2021 or July Extension programs.

Payment amounts will be tiered according to a premises’ capacity: $5,000 for a capacity of up to 99 patrons, $10,000 for 100-499 patrons, or $20,000 for a capacity of 500 patrons or more.

Alpine Resorts Winter Support Program

This targeted program will provide payments of $5,000, $10,000 or $20,000 per week, depending on business type and location.

COVID-19 Disaster Payments

Eligible workers who lose work due to the lockdown can access the Commonwealth’s COVID-19 Disaster Payment, as can sole-traders who do not qualify for Victorian Government support programs.

The payment is $450 for people who have lost 8-20 hours work over seven days or $750 for 20 hours or more of work lost.

Business owners who want help applying for the Commonwealth COVID-19 Disaster Payment can access the Business Victoria Concierge Service on 13 22 15.

Small Business COVID Hardship Fund

Business in regional Victoria that do not qualify for this new support and have experienced a reduction in revenue of at least 70 per cent are encouraged to apply for the Small Business COVID Hardship Fund, which provides grants of $14,000 to successful applicants.

More information about business support programs is available at business.vic.gov.au. 

Read media release here


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