The Victorian Government has announced a new $534 million Business Support package to help businesses and workers during COVID19.
These measures are primarily aimed at assisting those in Melbourne and Mitchell Shire, however there are benefits available to regional Victoria.

Regional Victoria

Regional Tourism Accommodation Support Program
Accommodation businesses impacted by cancellations due to increased restrictions in Melbourne and Mitchell Shire are eligible to apply for financial support.
A payment of up to $225 per booking, per night will be made for each cancelled booking up to a maximum of $1125, provided that the accommodation provider has refunded in full any payment made on the booking for someone who can no longer travel. Applications are open now

Melbourne and Mitchell Shire

Business support fund
A new $5000 grant is now available to eligible businesses in Victoria under Stage 3 “Stay at Home” restrictions – this includes Melbourne and Mitchell Shire. Those businesses in Regional Victoria who are not in Stage 3 restrictions are not currently eligible for this grant. Further information on eligibility and applications can be found here

CBD Business support fund
A $20 million Central Business District Business Support Fund is currently being established to assist eligible small businesses in Melbourne’s CBD. At this stage, applicants can register their interest for more information when it becomes available.

More information to come

Night-time economy support program
A $30 million dedicated fund is currently being developed to assist those eligible in the hospitality sector. It is currently unclear whether eligibility will extend beyond Melbourne and Mitchell shire. You can register your interest for more information when it becomes available. 

Extended 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. Information on eligibility is yet to be announced.

Business mentoring program
A $10 million business mentoring program is being developed to assist small business owners to navigate their way through the crisis. Further information is yet to be announced.

Mental health support for small businesses
A $26 million mental health support fund is being developed to assist Victorians dealing with the challenges of running a small business. Further information is yet to be announced.

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Last updated 16/07/2020