Tuesday, 1 September 2020

$45 MILLION FOR SOUTHERN BORDER SMALL BUSINESSES

Moama
NSW small businesses will benefit from a new $45 million grant program designed to cushion the economic impacts of the southern border closure.

Businesses in 13 Local Government Areas along the NSW and Victorian border will be able to apply for $5,000 and $10,000 grants through Service NSW from 8 September.

Premier Gladys Berejiklian said the Southern Border Small Business Support Grant is designed to support small businesses doing it tough through the current border restrictions.

“We know people in border communities like Albury-Wodonga, Yarrawonga-Mulwala and Echuca-Moama usually move between towns, with closures having a significant impact on day-to-day business,” Ms Berejiklian said.

“The NSW Government is investing in targeted relief to help ease the pressures and costs of keeping businesses open while borders remain closed.”

Deputy Premier and Minister for Regional NSW John Barilaro said the $45 million grant program includes two tiers of targeted support.

“The first tier of $5,000 is for employing and non-employing small businesses, such as non-employing sole traders, that have suffered at least a 30 per cent decline in turnover as a result of the border closure.

“The second tier of $10,000 is for employing small businesses that have suffered at least a 75 per cent decline as a result of the closure,” Mr Barilaro said.

Treasurer Dominic Perrottet said, “The Grants can be used to pay for unavoidable expenses such as utilities, as well as to develop marketing and communication materials or to diversify their offerings to help businesses adapt to the new environment.”

The Southern Border Small Business Support Grant is available from Tuesday, 8 September until Sunday, 18 October 2020 and small business owners can apply via the Service NSW website.

Destination NSW

No comments:

Post a Comment