$5,000 business support grants will be made available for Queensland Businesses. Are you eligible?
Monday brought the announcement that 11 LGAs of South East Queensland would be going into lockdown until at least 4:30PM Sunday 8 August.
The government has foreseen the potential financial difficulty this lockdown will lead to for Queensland businesses, and is aiming to provide cashflow support with a $5,000 grant. Additionally, support payments will be provided to large tourism and hospitality businesses within the lockdown areas. The grant will be applied in circumstances where businesses have experienced a 30% decrease in sales as a result of the lockdown for businesses defined as:
- Small and medium businesses across QLD that are impacted by the August 2021 lockdown
- Large businesses in the hospitality and tourism sectors operating in the 11 locked down LGAs
Small and medium businesses are defined as having a turnover of more than $75,000 per annum, and an annual payroll in Queensland of up to $10 million.
How to apply:
Applications will open in mid-August, which can be made online with supporting evidence. Grants will be processed in the order they are received so get in fast. The QLD Government is ensuring payments will be made within 2 weeks of being notified that your application has been approved. Sole traders that are employing businesses will be eligible for the grants if they are not receiving, or are not eligible to receive, income support through the Australian Government’s disaster payment. More information on how to apply will be available on this (link to govt website) government website.
While this grant may not be for you, keep in mind there is financial support available for non-employing sole traders through the COVID-19 Disaster Payment. Check the Services Australia website for more information.