Business Support Fund – Expansion
The Victorian Government announced updated restrictions for Melbourne and regional Victoria to help slow the spread of coronavirus (COVID-19) in Victoria.
Stage 4 restrictions are in place from 6pm on Sunday 2 August for metropolitan Melbourne. Stage 3 restrictions are in place from 11:59pm on Wednesday 5 August for Regional Victoria, including Mitchell Shire.
These restrictions mean that many businesses will have to operate in a limited capacity or can no longer operate.
To support businesses impacted by these restrictions, one-off grants will be made available to eligible businesses under the Business Support Fund – Expansion program: $10,000 for employing businesses in metropolitan Melbourne and Mitchell Shire in recognition of spending longer under restrictions.
$5,000 for employing businesses in regional local government areas (except Mitchell Shire). Businesses which have already received a Business Support Fund – Expansion grant, or have applied for one, will not need to re-apply.
Successful applicants will automatically receive this additional allocation. Applications for the program will be extended until 14 September 2020.
This program is in addition to the first round of the Business Support Fund, which closed on 1 June 2020.
Have you considered a business advisor?
With another lock-down in Melbourne and other states potentially poised to follow, is now the time to push your business forward and take measured business risks, or should you bunker down and play it safe?
