Is your small business making the most of the support measures?
Melbourne hospitality businesses and players in the night-time economy are hurting again under lockdown. Sydney has also seen a rise in cases and the NSW Government has started to re-impose some restrictions.
Everything is changing quickly and we wanted to make sure our business community is aware of relevant government assistance. There may be things you can take advantage of – but it requires proactivity.
In Melbourne, an expansion to the Victorian Government’s $534 million Business Support Package has been announced to provide more support to help businesses and workers through to the other side of the pandemic.
More than 80,000 businesses under Stage 3 restrictions within metropolitan Melbourne and Mitchell Shire are now eligible for a $5,000 grant.
The package also includes $30 million specifically for Victoria’s night-time economy, supporting the hardest hit businesses in hospitality. But here’s the catch: details of that fund have not yet been revealed, and you have to register your interest to find out more.
Additionally, a $20 million CBD Business Support Fund has been set up to help small businesses in Melbourne’s CBD faced with a large and sustained shock to their trading environments. This one also requires you to register your interest.
We understand that these measures alone may not be sufficient and more is needed, but we strongly urge CBD businesses and businesses that are part of Melbourne’s night-time economy to register for these funds today.
The City of Sydney has announced its post-pandemic recovery plan, which prioritises support for “business innovation”.
The plan includes supporting businesses in the development of new capabilities such as digitisation and e-commerce, and using the City’s procurement power to support local business and a shift to a circular economy.
Business innovation action points for the plan are:
- facilitating dialogue with heavily impacted sectors to support their recovery;
- $6.75 million in grant support for 455 organisations, businesses and industry, to assist them to innovate, adapt and grow;
- supporting collaboration across the innovation precincts within the Camperdown Ultimo collaboration area;
- implementing the Central Sydney planning strategy to support a pipeline of development and investment certainty;
- using City procurement to support local businesses and a shift to a circular economy;
- supporting communities and businesses to accelerate their uptake of renewable energy to stimulate the green economy;
- assisting businesses and apartment building owners’ corporations to implement retrofits for increased efficiency;
- and prioritising investment in City projects that provide significant local green economy benefits.
The City will also aim to maximise opportunities for the cultural sector in City-owned spaces and community venues, and stimulate development opportunities for local creatives.
Businesses will have the strongest chance of success if acting in alignment with government strategy. Read the Community Recovery plan in full here.
Applications will open in late July for the next round of grant funding from the City of Sydney. Stay across developments by subscribing to the grants newsletter, which provides details on each grant round.