News & Views
6th September 2021
Small Business COVID Hardship Fund
The Small Business COVID Hardship Fund will receive a $448 million boost, increasing the total grant amount available to small and medium-sized businesses from $14,000 to $20,000 in recognition of the impact of the lockdown extension.
The Fund now stands at $700 million, providing support for up to 35,000 businesses.
Some 16,000 businesses that have already received a Small Business COVID Hardship Fund grant will receive an automatic top-up payment of $6,000.
This program supports businesses that have been ineligible for Victorian Government business support programs since May but have experienced a reduction in revenue of at least 70 per cent. This includes businesses that are legally allowed to operate but are restricted in their ability to generate revenue.
Applications for the Small Business COVID Hardship Fund close on 10 September.