NSW Government Support Packages – Small to Medium Businesses

There are 3 different types of support for Small to Medium Business.

The type of support available will depend on:

  • business income is above or below $75,000
  • Whether you are sole trader or non employing business who is already receiving support in the form of the COVID-19 disaster payment.

 

Covid 19 Business Grant

Key features

  • A one-off grant for business that have been impacted by Covid 19. This grant covers the first 3 weeks of lockdown June 26 to July 17.
  • Available to businesses who have an annual turnover of between $75,000 and $250 million
  • $7,500 for a 30% decline
  • $10,500 for a 50% decline
  • $15,000 for a 70% decline
  • High impact list businesses have lower evidence requirements
  • Applications close 13 September 2021

 

COVID-19 micro-business grant

Key features

  • Available for businesses that have a turnover between $30,000 and $75,000
  • 30% or more decline in revenue due to lockdown
  • Business that were not trading for a full year in 2021
  • Payment of $1,500 per fortnight
  • Backdated to June 26 to expected lockdown end of August 28
  • Applications close 18 October 2021

 

JobSaver payment

Key Features

  • Available for businesses that have a turnover between $75,000 and $250 million for the year ended 30 June 2021
  • Must be in business before 1 June 2021 – ABN registered before this date
  • Decline in turnover for a 2 week period compared to same 2 weeks in either 2019 or 2020
  • If not trading in 2019 or 2020 businesses can compare a 2 week period immediately before shutdown
  • Covers costs of the business from 18 July 2021 (week 4) onwards
  • Have a decline of 30% or more in revenue due to lockdown
  • Payment will be equivalent to 40% of the weekly payroll for work performed in NSW.
  • Minimum payment will be $1,500 per week
  • Maximum payment will be $100,000 per week
  • You need to maintain your employee head count at 13 July 201
  • Non employing business may be eligible for $1,000 per week
  • Applications close 18 October 2021

 

 

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