The Victorian Government recently announced two new programs to improve business recovery and resilience and to support mental health in business communities. These come as businesses across the state grapple with continued stage 3 and 4 Stay at Home restrictions.
Business recovery and resilience mentoring program
The latest in a range of programs to help businesses ride out the coronavirus (COVID-19) pandemic is the Business Recovery and Resilience Mentoring Program, which launched 19 August 2020. Through this program, eligible business owners and sole traders can be matched with a suitable mentor who will offer advice on their business's future.
Mentees will have access to up to four sessions over three months and at the end will receive a detailed action plan that's tailored to their business.
Small Business mental health and wellbeing support program
Last week the Victorian Government announced a mental health and wellbeing program for small to medium-sized businesses and sole traders. The $26 million program includes training to boost mental health capabilities in local business communities and a Partners in Wellbeing hotline for one-on-one support to business owners.
Updates on Upskill My Business and the Business Support Fund
There's been a significant uptake in the business support initiatives offered so far.
Through the Business Support Fund, more than 75,000 businesses owners have been granted more than $1.3 billion to help them stay afloat through the pandemic. The fund can provide relief of up to $20,000 for businesses in Melbourne and Mitchell Shire and $15,000 for the rest of Victoria.
Since it was announced in March, the Upskill My Business training and resources website – in partnership with Deakin University and RMIT – has helped almost 25,000 users improve their skills through access to webinars, articles and courses.