Updated Victorian Business Support Package 4 September 2021
The Victorian and Federal Government announced an updated Victorian Business Support Package 4 September 2021.
This was announced as the Victorian lockdown has been confirmed until 70 per cent of Victorians have had at least one dose of vaccine – estimated to be around 23 September. The extra support payments announced in this package cover a four-week period ending on 30 September.
This additional package consists of the following:
Victorian Business Costs Assistance Program Round Four
Businesses in metropolitan Melbourne and regional Victoria impacted by restrictions from 4 September to 30 September 2021, who were successful recipients of the Victorian Business Costs Assistance Program Round Two and / or the Business Costs Assistance Program Round Two July Extension will receive an additional funding under the Victorian Business Costs Assistance Program Round Four.
This funding is tiered based upon annual payroll size being:
- $2,800 per week for businesses with no payroll or an annual payroll below $650,000.
- $5,600 per week for businesses with an annual payroll between $650,000 and less than $3 million.
- $8,400 per week for businesses with an annual payroll between $3 and $10 million.
Eligible recipients will be paid on a fortnightly basis and businesses will remain eligible while they are unable to operate due to public health restrictions.
You do not need to apply for the Round 4 payment, but you must have successfully applied for Round Two or the Round 2 Extension and applications for these have now closed. If you have not applied you miss out.
To learn more about the Business Costs Assistance Program Round 4 click here.
Licenced Hospitality Venue Fund
Automatic weekly payments from 4 September to licenced hospitality venues of:
- $5,000 will be given to eligible venues with a capacity of 0-199,
- $10,000 for premises with capacity of 200-499, and,
- $20,000 for venues with a capacity of 500-plus
Businesses will remain eligible while they are unable to operate due to public health restrictions.
To receive this funding, venues will need to have received or been eligible for the Licensed Hospitality Venue Fund 2021 or the Licensed Hospitality Venue Fund 2021 July Extension. Applications for these are both now closed.
To learn more about the Licensed Hospitality Venue Fund 2021 July Extension click here.
Small Business COVID Hardship Fund
Small businesses with a payroll of up to $10 million who that are not eligible for support under existing programs and have experienced a 70 per cent or greater reduction in revenue may be eligible for grants of up to $20,000.
Note applications for this closed on 10 September 2021. To learn more click here.
If you want a confidential discussion on your business situation, or help with these grants contact me below
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Simply fill in the contact form below or email me at wayne@aRealCFO.com.au or call me on 0412 227 052 to organise one of these obligation free sessions.
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Let Wayne Wanders, a fully qualified and experienced CFO, help you successfully navigate your way through your financial challenges so your business can survive and thrive in these uncertain times.
Wayne Wanders, A Real CFO
wayne@aRealCFO.com.au
