New Victorian Government grant announced for small businesses

On 28 March 2020, the Victorian Premier announced a new Government grant of $10,000 that will be available to small Victorian business operators that employ staff.

To be eligible to apply for the grant, the business will need to:

  1. employ staff;
  2. hold an ABN as at 16 March 2020 and have turnover of greater than $75,000 for the 2020 financial year;
  3. have annual wages of less than $650,000 in the 2020 financial year; and
  4. have been directly impacted by Government closure measures.

To obtain a grant, eligible businesses need to apply online via the Business Victoria website by 1 June 2020.

If you have any further questions relating to this scheme, please do not hesitate to contact your client service partner at Banks Group on (03) 9810 0700.

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