The state government is giving $10,000 emergency cash grants to small businesses and not-for-profits impacted by the Covid-19 crisis.
The investment will total roughly $190 million and come out of the recently announced $650 million Jobs Rescue Package. The government expects it to assist an estimated 19,000 small businesses and not-for-profits that have suffered a significant loss of income or been forced to close as a result of coronavirus restrictions, including gyms, hairdressers, beauty and nail salons, restaurants, cafes, bars and cellar doors.
“We hope this immediate funding shot in the arm will go some way towards easing their financial distress by improving cash flow and helping cover a range of costs, whether that be commercial rent and utility bills or supplier fees for raw materials,” Premier Steven Marshall said in a statement.
The grants apply to businesses with a turnover of more than $75,000 per year and a payroll of less than $1.5 million (which are not entitled to the payroll-tax waiver introduced by the state government last month).
Applications for the grant will open shortly and be available until June 1, 2020.