Grants and funding

hand holding australian money

1. Victorian Government Business Resilience Package

This table will be updated as more information is released from the Victorian Government.

 

Business Support Details Dates Links
Third Round Business Support Fund for small and medium sized businesses.

Grants of up to $20,000 for business with a payroll of up to $10 million.

View eligibility criteria information.

View ANZSIC code information.

Applications are now open and remain open until funds are exhausted or until 11.59pm on 23 November 2020, whichever is earlier. https://www.business.vic.gov.au/support-for-your-business/grants-and-assistance/business-survival-and-adaptation-package/business-support-fund-3
Licensed Venue Fund Grants of up to $30,000 for licensed pubs, clubs, hotels, bars, restaurants and reception centres, based on their venue capacity and location. Applications are now open and will remain open until funds are exhausted or until 11.59pm on 23 November 2020, whichever is earlier.

 

https://www.business.vic.gov.au/support-for-your-business/grants-and-assistance/business-resilience-package/licensed-hospitality-venue-fund
Alpine businesses Grants of up to $20,000 to help alpine businesses pay a service charge to Alpine Resort Management Boards. Details not yet released
Sole Trader Support Fund

Grants of up to $3,000 to over 30,000 eligible sole traders who operate from a commercial premises or location to which the sole operator is the tenant or licensee.

View ANZSIC code information.

Applications for the Sole Trader Support Fund are now open until 30 December to assist more sole trader businesses in specific industries with their transition to COVID Normal.

 

https://www.business.vic.gov.au/support-for-your-business/grants-and-assistance/business-resilience-package/sole-trader-support-fund

 

Business Adaptation Details Dates Links
Small Business Digital Adaptation program The Small Business Digital Adaptation Program will allow eligible businesses to trial and then receive access to digital products, tools and training they can use to build digital capability in their day-to-day operations. Registrations will remain open until funds are exhausted or until 11.59pm on 28 February 2021, whichever is earlier. https://www.business.vic.gov.au/support-for-your-business/grants-and-assistance/business-resilience-package/Small-Business-Digital-Adaptation-Program

 

$15.7 million Export Recovery package To help Victorian exporters get their products to market and establish new trade channels Expressions of interest are open now https://global.vic.gov.au/for-exporters/programs-and-initiatives/export-recovery-package
$8.5 million to market and expand 'Click for Vic' To promote small Victorian producers and encourage more Victorians to support local businesses Ongoing

https://www.visitvictoria.com/clickforvic

Get your business involved.

$87.5 million Outdoor Eating and Entertainment Package Grants of up to $5,000 to help businesses to prepare for COVID normal and adapt to outdoor dining and entertainment.

Applications open now. 

Applications will remain open until funds are exhausted or until 11.59pm on 11 December 2020, whichever is earlier.

 

https://www.business.vic.gov.au/support-for-your-business/grants-and-assistance/business-resilience-package/outdoor-eating-and-entertainment-package
Waivers and deferrals Details Dates Links
The Government is also providing $1.8 billion in tax and cashflow support. Details not yet released
$1.7 billion to defer payroll tax for businesses with payrolls up to $10 million for the full 2020-21 financial year Details not yet released
$41 million to bring forward the 50% stamp duty discount for commercial and industrial property for all of Regional Victoria Details not yet released
$33 million to defer the planned increase in the landfill levy for six months Details not yet released
$30 million to waive 25% of the Congestion Levy this year, with the outstanding balance deferred. Details not yet released
$27 million in liquor license fee waivers for 2021 Details not yet released
$6 million to waive Vacant Residential Land Tax for vacancies in 2020. Details not yet released

2. Other State Government grants and funding

Victorian Grants/Funding Details Dates Links
Agriculture Workforce Plan Provides food processing and critical food supply chain businesses support measures to help them continue operating. Including grants for online farmers markets or marketplaces that sell primarily Victorian agriculture produce. Check website https://agriculture.vic.gov.au/farm-management/emergency-management/coronavirus-covid-19/agriculture-workforce-plan
Tax relief for businesses and landlords Business can apply to have payroll tax waived, liquor licence fees waived, land tax relief and motor vehicle duty relief. Closes 31 March 2021 https://www.sro.vic.gov.au/coronavirus
Hospitality Business Support Program Grants for food service businesses affected by restrictions in Victoria. Applications are now open and will be accepted until further notice or when all the allocated funding has been committed. https://www.business.vic.gov.au/support-for-your-business/grants-and-assistance/business-support-package/hospitality-business-grant-program
Commercial Tenancy Relief Scheme The Commercial Tenancy Relief Scheme has been developed to alleviate financial hardship faced by tenants and landlords as a result of coronavirus (COVID-19). Closes 31 December 2020 https://www.business.vic.gov.au/coronavirus-covid-19/business-support/commercial-tenancy-relief-scheme
Supporting the employment of apprentices and trainees If you employ an apprentice or trainee you may be eligible for a wage subsidy of 50% of their wage paid from 1 January 2020 to March 2021. Closes March 2021 https://business.gov.au/risk-management/emergency-management/coronavirus-information-and-support-for-business/supporting-apprentices-and-trainees

3. Federal Government grants and funding

Federal Grants/Funding Details Dates Links
Boosting cashflow for employers Temporary cash flow boosts will support small and medium businesses and not-for-profit organisations during the economic downturn associated with COVID-19. Check website https://www.ato.gov.au/Business/Business-activity-statements-(BAS)/In-detail/Boosting-cash-flow-for-employers/
Instant asset write-off for eligible businesses Under the instant asset write-off, eligible businesses can claim an immediate deduction for the business portion of the cost of an asset in the year the asset is first used, or installed ready for use. Check website https://www.ato.gov.au/Business/Depreciation-and-capital-expenses-and-allowances/Simpler-depreciation-for-small-business/Instant-asset-write-off/
Support for immediate cash flow needs for SMEs The Scheme will guarantee up to $40 billion of new lending. This will provide businesses with funding to meet cash flow needs, by further enhancing lenders’ willingness and ability to provide credit. Phase 1 - Ends 30 September 2020. Phase 2 - starts on the 1 October 2020 until 30 June 2021 https://treasury.gov.au/coronavirus/business-investment
Export and Regional Wine Support Package Wine producers may be eligible for up to $25,000 towardsreimbursement for the cost of promotional activities inanyexport market, Closes 30 June 2021 https://www.wineaustralia.com/whats-happening/export-and-regional-wine-support-package/grants
Restart Investment to Sustain and Expand (RISE) Fund The program is targeting funding towards the arts and entertainment sector organisations who are seeking to restart, re-imagine or create new activities. The program is intended to assist by providing finance to assist the presentation of new or re-shaped cultural and creative activities and events. Closes 31 May 2021 https://www.arts.gov.au/funding-and-support/rise-fund
Dairy Farm Induction Program As an employer, you will need to allow adequate time for yourself or a supervisor / manager toensure new employees receive appropriate induction training and support, including all aspects of a workplace health and safety induction on the farm. N/A https://thepeopleindairy.org.au/recruitment/
Rural Financial Counselling Service Mental health support for regional businesses. Closes 30 June 2021 https://www.agriculture.gov.au/ag-farm-food/drought/assistance/rural-financial-counselling-service/smallbusiness
Early access to superannuation Eligible citizens and permanent residents of Australia and New Zealand can apply to access up to $10,000 of their superannuation between 1 July 2020 and 31 December 2020. Closes 31 December 2020 https://www.business.gov.au/risk-management/emergency-management/coronavirus-information-and-support-for-business/early-access-to-superannuation
Temporary relief for financially distressed businesses A temporary increase to the threshold at which creditors can issue a statutory demand on a company and the time companies have to respond to statutory demands they receive. Ends 31 December 2020 https://www.business.gov.au/risk-management/emergency-management/coronavirus-information-and-support-for-business/temporary-relief-for-financially-distressed-businesses
Support for sole traders The Australian Government has announced measures to support businesses impacted by the coronavirus (COVID-19). If you're a sole trader, learn what your business can get and where to go for help. Check website https://www.business.gov.au/risk-management/emergency-management/coronavirus-information-and-support-for-business/coronavirus-support-for-sole-traders
Government assistance for business Find government financial assistance and support for your business. Check website https://www.business.gov.au/risk-management/emergency-management/coronavirus-information-and-support-for-business/government-assistance-for-business
State and territory information, grants and assistance Learn about the grants or online events delivered by your state or territory and where you can go to find more coronavirus assistance. Check website https://www.business.gov.au/risk-management/emergency-management/coronavirus-information-and-support-for-business/coronavirus-state-and-territory-information-and-assistance
JobKeeper Payment If your business is affected by the coronavirus (COVID-19), you may be eligible to access the JobKeeper Payment to help you to continue paying your employees or yourself if you are a sole trader. Check website https://www.business.gov.au/risk-management/emergency-management/coronavirus-information-and-support-for-business/jobkeeper-payment 

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