News & Views

26th October 2021

Business Cost Assistance Program Round Four - Construction

Applications are now open for the Business Costs Assistance Program Round Four – Construction.

The program provides one-off payments to eligible employing and non-employing businesses in the construction sector that incurred costs as a result of the restrictions in effect from 21 September to 4 October 2021.

Businesses must have been contracted (prior to the restriction period being announced) to work on a site in:

  • one of the local government areas in metropolitan Melbourne

  • the City of Greater Geelong

  • Mitchell Shire

  • Surf Coast Shire

Grant amounts are based on whether the business employs staff and if so, the size of their payroll. Eligible businesses will receive:

  • $2000 for non-employing businesses

  • $2800 for employing businesses with annual payroll below $650,000

  • $5600 for employing businesses with an annual payroll between $650,000 and less than $3 million

  • $8400 for employing businesses with an annual payroll between $3 million and $10 million.

Businesses that have received funding under the Business Costs Assistance Program Round Two, July Extension or Small Business COVID Hardship Fund are not eligible for funding under this program.

Applications close at 11:59pm on Tuesday 9 November 2021 or when funds are exhausted, whichever is earlier. For more information and to apply, see Business Costs Assistance Program Round Four – Construction.

Businesses, sole traders and individuals who do not meet the eligibility criteria and who have lost hours or income may be eligible for financial support through the Commonwealth Government’s COVID-19 Disaster Payment. Please note the payment may not be available when the 80 per cent vaccination target is reached, based on Commonwealth Government policy.

If you require further information on the Business Costs Assistance Program Round Four – Construction, please contact Business Victoria or call the hotline on 13 22 15.
 
Information provided by:
Industry Coordination and Recovery
Department of Jobs, Precincts and Regions
djpr.vic.gov.au