NSW Government COVID-19 Support Grant

The NSW Government has announced new grants of up to $10,000 for businesses adversely impacted by the recent COVID-19 lockdowns.

AMOUNT

The amount of the grant is determined by the decline in your business turnover across a minimum 2 week period after the commencement of the major restrictions:

• $5,000 for a decline of 30% or more
• $7,000 for a decline of 50% or more
• $10,000 for a decline of 70% or more

ELIGIBILITY 

There are 2 streams of grants available :

1. Small business COVID-19 Support Grant
   The grant is limited to businesses (including sole traders) with:

• A NSW registered ABN or able to demonstrate they are physically located and primarily operating in NSW; and
• Turnover of more than $75,000 pa; but below the NSW Government 2020-21 payroll tax threshold of $1.2m as at 1 July 2020; with
• Fewer than 20 full time equivalent employees.

2. Hospitality & Tourism COVID-19 Support grant
   The grant is limited to tourism or hospitality businesses with:

• A NSW registered ABN or able to demonstrate they are physically located and primarily operating in NSW; and
• Turnover of more than $75,000 pa; and
• An annual Australian wages bill below $10m as at 1 July 2020.

Full eligibility criteria will be announced in late July.

WHEN TO APPLY?

• Applications will be available from late July 2021

Contact me if you would like assistance with claiming this & other government assistance.

www.RazorbackConsulting.com.au