A new jointly-funded package from the Commonwealth and South Australian Governments will give local small and medium businesses impacted by ongoing density and other trading restrictions further financial support as they continue to recover from the recent lockdown.
The new South Australian COVID-19 Additional Business Support Grant – will deliver about an extra $40 million in support to an estimated 19,000 local businesses in eligible industries – such as hospitality, performing art venues, artists and performers, tourism, gyms, and transport.
The package will be split on a 50/50 basis between the Commonwealth and the South Australian Governments, with the state government to administer the program.
The new package includes:
- $3,000 cash grants for employing businesses and $1,000 for non-employing businesses (eg sole traders) in eligible industry sectors that have experienced a decline in turnover of 30 per cent or more over a two-week period as a result of the COVID-19 trading restrictions introduced from July 28, 2021
- An additional CBD grant of $1,000 will be available for eligible businesses (both employing and non-employing) with a commercial premise in the Adelaide CBD (postcode 5000), in recognition of the increased impact on city businesses as a result of people working from home.
In addition, a new Major Events Support Grant of up to $25,000 for eligible events that were either cancelled, or suffered a significant financial loss, as a result of having to be cancelled or postponed due to the COVID-19 lock down in July or further restrictions to 4 August will be funded by the South Australian Government.
Prime Minister Scott Morrison said the Commonwealth and South Australian governments would continue to do what is necessary to support South Australian businesses deal with the evolving challenges of COVID-19.
“We are stepping up to provide more support to South Australian businesses that have been impacted by on-going COVID-19 restrictions that are keeping the state safe,” the Prime Minister said.
Premier of South Australia Steven Marshall said the additional supports were part of a robust and agile plan to keep our community safe and our economy strong amidst the COVID-19 threat.
“South Australia has recently been recognised as the most liveable state in the nation and our COVID recovery plan is focussed on standing shoulder-to-shoulder with small businesses as we navigate our way out of the global pandemic,” Premier Marshall said.
“South Australians have done an incredible job of working together and now is the time to continue to pull together to support our hardworking small businesses who are the backbone of the state’s economy.”
Under the combined packages, an eligible CBD business that employs staff, including a pub, café or restaurant, would receive $7,000 in cash grants ($3,000 + $3,000 + $1,000 CBD grant) to support their ongoing COVID recovery.
Applications will open August 13 and will close on 17 October 2021.
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