Up to $10,000 Victorian Business Support Funding – Applications close today

The Victorian Government announced further funding for Victorian businesses impacted by the recent restrictions, however applications must be made today, 14th September 2020 – by midnight.

Grants available:

  • $10,000 for employing businesses in metropolitan Melbourne and Mitchell Shire in recognition of spending longer under restrictions
  • $5,000 for employing businesses in regional local government areas (except Mitchell Shire)

To be eligible for the Fund, businesses must:

  • Operate a business located within Victoria; and
  • Be a participant in the Commonwealth Government’s JobKeeper Payment scheme; and
  • Employ people and be registered with WorkSafe on 30 June 2020; and
  • Have an annual payroll of less than $3 million in 2019-20 on an ungrouped basis; and
  • Be registered for Goods and Services Tax (GST) on 30 June 2020; and
  • Hold an Australian Business Number (ABN) and have held that ABN at 30 June 2020; and
  • Be registered with the responsible Federal or State regulator.

Owners of businesses that do not employ people (non-employing businesses) are not eligible for funding through this Fund.

Grant funds may be used to assist the business, for example on:

  • Meeting business costs, including utilities, salaries or rent;
  • Seeking financial, legal or other advice to support business continuity planning;
  • Developing the business through marketing and communications activities; or
  • Any other supporting activities related to the operation of the business.

To read the article in full, pleaseclick here.

If your business qualifies for any of the two grants, please give us a call at 03 9869 5900 and we will help you through the processes as quickly as possible.

Matt Murphy – mattm@primefinancial.com.au
Brendan Brown – brendanb@primefinancial.com.au
Simone Quin – simoneq@primefinancial.com.au
Paul Minieri – paulm@primefinancial.com.au
Jade Nicholls – jaden@primefinancial.com.au
Stuart Thomson – stuartt@primefinancial.com.au

This post is provided by Prime Accounting and Business Advisory Pty Ltd. Liability limited by a scheme approved under Professional Standards Legislation. This post is not a substitute for independent professional advice. We do not warrant the accuracy, completeness or adequacy of the information or material in this post. All information is subject to change without notice. We and each party providing material displayed in this post disclaim liability to all persons or organisations in relation to any action(s) taken on the basis of currency or accuracy of the information or material, or any loss or damage suffered in connection with that information or material. You should make your own enquiries before entering into any transaction on the basis of information or material in this post. Please ensure you contact us to discuss your particular circumstances and how the information provided applies to your situation.

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