Further state financial support welcomes news for struggling Victoria businesses
Additional financial support from the state is good news for
Victoria’s troubled businesses
The state government today announced an additional $ 282.5 million in financial support for Victorian businesses following strong advocacy from the Victorian House.
The Victorian House has been in talks with the state government to expand and increase the Lockdown Five support program to better reflect the sacrifices businesses have made to remain closed on public health advice. The measures that we have advocated and that the government has adopted include:
- An additional amount of $ 4,200 for eligible recipients of the Approved Hospitality Fund
- An additional amount of $ 2,800 for beneficiaries of the Business Expense Assistance Program
- An additional $ 3,000 for hospitality, retail, accommodation and alpine experience operators who were eligible for grants of up to $ 15,000, in addition to any entitlement under the Fund licensed home or business cost assistance program
- Support of up to $ 25,000 and $ 10,000 for qualifying public events and public event providers, respectively, through an extension of the impacted public event support program.
The state government has also confirmed a new round of live performance support programs, with funding of up to $ 7,000 for presenters and up to $ 2,000 for providers.
Available for regional areas and the Melbourne metropolis, a new round of the Sports Club Grants program will provide community sport and active recreation organizations with grants of $ 2,000 for events that could not take place or that will be canceled or postponed.
Discussions between state and federal governments have confirmed that most non-GST-registered micro-businesses will be eligible for the COVID-19 disaster payment of $ 600 / $ 375 per seven-day period. The state government will create a concierge service to help these businesses access this support.
While the Victorian House is happy to see that the state government is listening, there is still a long way to go to ease the burden of rents, especially for businesses whose massive rent bills continue to rise. accumulate while they remain closed and unable to derive income. The exclusion of companies directly and indirectly impacted by restrictions from support based on industry classification has not yet been resolved. We will continue to advocate for these pressing issues and have ongoing discussions with the state government to support Victorian businesses.
To be attributed to the Director General of the Victoria Chamber of Commerce and Industry, Paul Guerra:
âThe Victorian Chamber has worked closely with the state government on this extension and expansion program to support Victorian businesses.
âWe are delighted that the state government announced today that the majority of our recommendations have been implemented to see affected businesses through this devastating time.
“We will continue to advocate for affected businesses that are not currently eligible for the various ANZSIC business sector codes to ensure they get the support they desperately need and that more needs to be done to alleviate the pressure.” on rents, especially for those renting high-value premises.
âAs we’ve said time and time again, the best support we can give businesses is to enable them to trade in a sustainable manner, so let’s get through these next few days and get back to zero community transmission – and then the government should allow the company to revert to pre-lockout settings.
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