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I have closed or experienced significant impact due to business restrictions

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Business Support Package

The new $534 million Business Support Package will provide more support to help businesses and workers through to the other side of the coronavirus pandemic.

The new package includes:

  • The Business Support Fund - Expansion providing more support through the renewed restrictions. $10,000 is available for employing businesses in metropolitan Melbourne and Mitchell Shire in recognition of spending longer under restrictions and
    $5,000 for employing businesses in regional local government areas (except Mitchell Shire).
  • $30 million dedicated fund for Victoria’s night time economy to support the hardest hit businesses in hospitality.
  • $26 million in mental health support will ensure Victorians dealing with the compounding challenges of running a small business can get the support they need as they navigate their way through the crisis.
  • $10 million business mentoring program, pairing small business owners with experienced professionals who can help them navigate their way through the crisis.
  • $40 million capped fund for regional tourism businesses to cover the costs of refunds.
  • $20 million fund to support small businesess in Melbourne’s CBD that are faced with a large and sustained shock to their trading environments.

Businesses will also benefit from an extended and expanded payroll tax deferral. Eligible businesses with payrolls up to $10 million can defer their liabilities for the first half of the 2020/21 financial year.

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