South Australian small businesses and not-for-profits impacted by COVID-19 restrictions have rushed to register for the Marshall Liberal Government’s $10,000 cash grants, with more than 11,300 employers already expressing their interest on-line for the emergency support payment.
The major investment – funded from the State Government’s $650m Jobs Rescue Package – will assist an estimated 19,000 small businesses and not-for-profits (including eligible sporting and community organisations) from gyms, hairdressers and beauty and nail salons to restaurants, cafes and cellar doors, at a total cost of approximately $190 milllion.
Premier Steven Marshall said the initiative was part of the Government’s strong plan to deal with the pandemic, and the Government intended to have the emergency cash payments ‘out the door’ as quickly as possible.
“We know our small businesses are doing it particularly tough at the moment - through no fault of their own – and this $10,000 grant will go some way in helping to ease their cash flow burden at a time when they need it most,” said Premier Marshall.
“We want this money out the door as quickly as possible so impacted employers can use it to cover a range of immediate costs, whether that be commercial rent and utility bills or supplier fees for raw materials.
“This is, without doubt, the greatest economic challenge of our time and we are responding swiftly and decisively to help ensure as many businesses as possible make it through to the other side.
“All eligible small businesses are encouraged to register their interest by June 1.”
For more information and to register your interest, businesses are urged to visit: https://www.treasury.sa.gov.au/Growing-South-Australia/COVID-19
Applications for the grant will open Monday, April 20 and be available until June 1, 2020.
To be eligible for the one-off $10,000 emergency cash grants, a business must:
- Employ people in South Australia
- Have turnover of more than $75,000
- Have payroll of less than $1.5 million, and not entitled to a payroll tax waiver under COVID-19 support measures introduced by the State Government
- Have an ABN and were carrying on the operation of a business in SA on March 1, 2020
- Have been subject to closure or highly impacted by COVID-19 related restrictions
- Use the funds to support activities related to the operation of the business
- Apply by June 1, 2020
Businesses eligible for the Commonwealth JobKeeper payment will be deemed to be highly impacted by COVID-19 restrictions. NB: If a business has received any SA Government grants provided to address COVID-19 related business impacts, these payments will be deducted from the $10,000 grant.