CONTRIBUTED BY DAVID ELLIOTT MP
Eligible NSW businesses, sole traders and not-for-profit organisations can apply for up to $15,000 through the NSW Government’s 2021 COVID-19 Business Support Grant.
The 2021 COVID-19 Business Support Grant will be available to NSW businesses that have a turnover of more than $75,000 and up to $50 million, and have a total annual wages bill of below $10 million. Businesses can expect to start receiving funds from the end of July.
Eligible businesses for the 2021 COVID-19 Business Support Grant will receive:
• $15,000 for a decline in turnover of 70 per cent, or more;
• $10,500 for a decline in turnover of 50 per cent, or more;
• $7,500 for a decline in turnover of 30 per cent, or more.
From July 26, the Micro Business Support Grant will be available for eligible businesses with a turnover of between $30,000 and $75,000 that experience a decline in turnover of 30 per cent or more.
Eligible businesses will receive $1,500, tax-free, per fortnight of restrictions.
In addition, the joint NSW Government and Commonwealth JobSaver program will help small and medium businesses retain staff. Eligible businesses with a turnover from $75,000 and up to $50 million who maintain their staff headcount will receive tax-free fortnightly payments of 40 per cent of their weekly payroll, with a minimum payment of $1,500 per week, and a maximum payment of $10,000 per week. Eligible nonemploying businesses will receive $1,000 per week. These payments will be made fortnightly.
For more information on the 2021 COVID-19 Business Support Grant, visit www.nsw.gov.au
Support for individuals impacted by the current COVID-19 restrictions and stay-at-home orders is available through Services Australia. For more information, visit www.servicesaustralia.gov.au/covid19.