The Commonwealth and Victorian Governments will continue to provide funding support through the next six weeks of Victoria’s roadmap to reopening (upon reaching 80 per cent vaccination).

Here is the list of funding available:

Business Costs Assistance Program Round Five

Eligibility:
The full list of eligible ANZSIC codes for the Business Costs Assistance Program will be available on the Business Victoria website tomorrow.

Businesses that have previously received or been approved for a Business Costs Assistance Program Round Two or July Extension grant will be eligible for these payments.

Funding available:
1 to 29 October 2021:
Businesses will be eligible to receive two fortnightly payments between 1-29 October on a rising scale. Eligible non-employing businesses will receive $1,000 per week, increasing to $2,800 a week for an annual payroll of up to $650,000, $5,600 a week for a payroll of $650,000 - $3 million and $8,400 a week for a payroll of $3 million - $10 million.

29 October to 13 November:
Businesses that remain closed or severely restricted between 70 and 80 per cent double dose will receive an automatic payment for the period from 29 October to 13 November.

Application process:

Automatic payments will be made to recipients of the Business Costs Assistance Program across October and into the first half of November.

Licensed Hospitality Venue Fund

Eligibility:
Licensed hospitality businesses that have previously received grants under the Licensed Hospitality Venue Fund or July Extension programs will be eligible.

Funding available:
Weekly payment amounts are stepped according to premises capacity:

  • $5,000 for a capacity of up to 99 patrons or where patron capacity is not specified
  • $10,000 for a capacity of 100 to 499 patrons
  • $20,000 for a capacity of 500 or more.

When Victoria reaches between the 70 and 80 per cent double dose target, payments for licensed premises in metropolitan Melbourne will be reduced by 25 per cent, and in regional Victoria by 50 per cent.

Application process:
Licensed hospitality businesses that have previously received grants under the Licensed Hospitality Venue Fund or July Extension programs will receive further automatic payments in October.

Small Business COVID Hardship Fund

Eligibility:
The Fund supports businesses that have suffered significant losses due to the pandemic, including businesses legally allowed to operate but restricted in their ability to generate revenue, but have previously fallen between the cracks in terms of government support.

Funding available:
One-off grants of $20,000 will be made available to eligible businesses.

Application process:
Yet to be announced – we suggest monitoring the Business Victoria website for further updates.


For further information you can read the Premier’s release here. If you would like further assistance or advice for you or your business during our current restrictions please feel free to contact us

Last updated 30/09/2021