News | 21 May

Applications for the $500 million Business Support Fund officially close on Monday 1 June 2020. We advise any businesses submitting an application, to do so ahead of this cut-off date.

Since it launched, the Business Support Fund has helped tens of thousands of Victorian small businesses impacted by restrictions put in place to slow the spread of coronavirus pay important operational costs and help keep people in work. Up until 11.59 pm on Monday 1 June 2020, eligible businesses can still apply for a one-off $10,000 grant through the fund. To be eligible, businesses must already employ staff, have payroll of less than $650,000 and a turnover of more than $75,000.

Full details on eligibility and how to apply are set out on the Business Support Fund webpage business.vic.gov.au/businesssupportfund. The attached fact sheet provides further information about the Victorian Government’s Economic Survival Package.

Businesses needing guidance on dealing with coronavirus can also check the Business Victoria website business.vic.gov.au or call the Business Victoria hotline 13 22 15. I understand how difficult this period is for those small businesses; the Victorian Government remains committed to helping get them to the other side of this crisis in good shape.

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