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Funding boost for Victorian businesses extended

Funding boost for Victorian businesses extended

The Victorian Government has announced eligible businesses in metro Melbourne and regional Victoria can receive additional payments under an extension of the Business Support Fund, in light of re-imposed COVID-19 restrictions.

Businesses in metro Melbourne or Mitchell Shire that have applied or received an initial $5000 under the Business Support Fund – Expansion, will be eligible for an additional $5000 grant without having to submit a new application, receiving up to $10,000 in total. Regional Victorian businesses, under the grant, are eligible for a $5000 payment.

The extension means eligible businesses in metro Melbourne and the Mitchell Shire may receive a total of $20,000 through the Business Support Fund, while regional businesses may receive $15,000.

To be eligible, businesses must meet several criteria, including employing people and being a participant in the JobKeeper Payment Scheme.

Victorian Premier Dan Andrews said in a statement that nobody wants to see empty streets and shuttered shops, but the health advice is that it needs to be done to get to the other side of the pandemic.

“We want businesses to survive this pandemic – we want people healthy and back at work. We want to begin the process of rebuilding our economy and our community and setting us up for the future,” Premier Andrews said.

“We can’t get to that point unless we all play a part in making this strategy work, but we will continue to support businesses to the other side.”

So far, $776 million has bee paid out to 77,600 eligible businesses under the Business Support Fund.

The first batch of additional payments were issued on August 10, and applications for regional Victorian businesses opened on August 7.

The program will be open for applications until September 14, so if your business may be eligible, don’t delay – apply here.

In addition to the Business Support Fund – Expansion, eligible businesses can apply for the CBD Small Business Hospitality Grant, which offers an additional grant of $5000-$15,000 for CBD located foodservice businesses, depending on business capacity. Learn more about this grant here.


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