Small business COVID-19 recovery grant

Posted 2 Jul '20

Small business COVID-19 recovery grant

By D'Lene Browning

Small businesses may be eligible for another COVID-19 recovery grant.

The NSW government has made available another grant of up to $3,000 to help small business get back to business by meeting the costs of safely reopening or upscaling operations.

The grant can be used to cover:

• Fitout changes
• Staff training expenses and counselling to work in a COVID safe way.
• Cleaning products and additional cleaning services
• Marketing and advertising expenses

The grant can only be used for purchases of eligible expenses made from 1 July 2020, and only where no other government support is available.

To be eligible for the grant, you must as at 1 March 2020:

• Have an annual turnover of more than $75,000
• Employ less than 20 full-time equivalent (FTE) staff (non-employing businesses can apply)
• Be able to report a payroll below the NSW 2019-2020 payroll tax threshold of $900,000
• Be in a highly impacted industry by the Public Health (COVID-19 Restrictions on Gathering and Movement) Order 2020
• Have experienced at least 30% decline in turnover from March to July 2020 compared to the equivalent period (of at least 2 weeks) in 2019
• Have costs associated with safely reopening or up-scaling your business from 1 July 2020.

If you have received a COVID-19 small business support grant of up to $10,000, you may also be eligible for this grant.

Applications close 11:59pm Sunday 16 August 2020. More information on eligibility and applying is available through the following link: Apply for a small business covid-19 recovery grant.