This grant is designed to provide immediate, short-term cashflow assistance to small businesses, and to help small businesses adapt to the southern border movement restrictions. Funds may be used for:
immediate operating expenses, such as utilities or rent
financial, legal or other advice to support business continuity planning
diversifying markets and supply chains
marketing and communications activities
digital solutions (for example, e-commerce, business websites, online sales platforms)
developing human capital (for example, digital skills, export training and consulting).
This grant can only be used for eligible costs from 8 July 2020, and only where no other government support is available. Applications close October 18, 2020.
Eligibility
To be eligible for this grant, you must:
as at 1 March 2020:
- have an Australian Business Number (ABN) registered in an eligible LGA
- have total Australian wages below the NSW Government 2019–2020 payroll tax threshold of $900,000
- have an annual turnover of more than $75,000 (a Business Activity Statement must be provided as evidence).Where a small business does not submit a BAS to the Australian Tax Office, the small business should contact Service NSW to discuss further. In these cases, an income tax declaration may be accepted as evidence of an annual turnover of $75,000.
have costs from 8 July 2020 associated with surviving or adapting to the new business environment.
This grant is available as a one-off payment of $5000 for businesses eligible under Tier 1 criteria, or a one-off payment of $10,000 for businesses eligible under Tier 2 criteria.
To be eligible for a $5000 grant, you must:
be a non-employing business (including non-employing sole trader) or employ fewer than 20 full-time equivalent (FTE) workers as at 8 July 2020
have experienced a decline in turnover of at least 30% after 8 July 2020 compared to a period of at least 2 weeks between 30 March 2020 and 7 July 2020 inclusive.
To be eligible for a $10,000 grant, you must:
be an employing business with at least 0.5 FTE workers but fewer than 20 FTE workers as at 8 July 2020
have experienced a decline in turnover of at least 75% since 8 July 2020 compared to a period of at least 2 weeks between 30 March 2020 and 7 July 2020 inclusive.
Please note:
Businesses that were not in operation a year earlier, or where their turnover a year earlier was not representative of their usual or average turnover because the business has been affected by drought or bushfires, may still be eligible to apply. See the guidelines.
Businesses that have received the COVID-19 Small business support grant and/or Small business recovery grant may also be eligible to apply for this grant.