If your business has been adversely impacted by the recent lockdown in NSW, support is available but there are limitations.The NSW Government has announced new grants of up to $10,000 for businesses adversely impacted by the recent COVID-19 lockdowns. Eligibility for the grant is streamed into general business, and hospitality and tourism. The full details of the grant and the eligibility criteria have not been released as yet but here is what we know so far:
The value of the grant is determined by the impact of the lockdown on your turnover. Your business will need to prove a decline in turnover across a minimum 2 week period after the commencement of the major restrictions.
Decline in turnover
For some clients, particularly those who have been unable to trade at all during lockdown, proving the decline in turnover should be reasonably simple. For others, we will need to work with you closely once the parameters for the decline in turnover test are known, to determine if you can access the grant.
The grant is limited to businesses (including sole traders) with:
The grant is limited to tourism or hospitality businesses with:
Applications for these grants will be made through Service NSW and should be available 15 July 2021.
Source: Knowledge Shop, 2021