A new jointly-funded package from the Commonwealth and SA Governments opens today to give local small and medium businesses impacted by ongoing density and other trading restrictions further financial support as they continue to recover from the recent lockdown.
The new South Australian COVID-19 Additional Business Support Grant will deliver about an extra $40 million in support to an estimated 19,000 local businesses in eligible industries – such as hospitality, performing art venues, artists and performers, tourism, gyms, and transport.
The package is split on a 50/50 basis between the Commonwealth and the South Australian Governments, with the state government administering the program.
This support is on top of the $3,000 emergency cash grants and $1,000 grants for sole traders announced in July
The new package includes:
- $3,000 cash grants for employing businesses and $1,000 for non-employing businesses (eg sole traders) in eligible industry sectors that have experienced a decline in turnover of 30 per cent or more over a two-week period as a result of the COVID-19 trading restrictions introduced from July 28, 2021
- An additional CBD grant of $1,000 will be available for eligible businesses (both employing and non-employing) with a commercial premise in the Adelaide CBD (postcode 5000), in recognition of the increased impact on city businesses as a result of people working from home.
In addition, a new Major Events Support Grant of up to $25,000 for eligible events that were either cancelled, or suffered a significant financial loss, as a result of having to be cancelled or postponed due to the COVID-19 lock down in July or further restrictions to 4 August will be funded by the South Australian Government.
For more information visit www.treasury.sa.gov.au/Growing-South-Australia/COVID-19