Coronavirus Business Support Package – Information for Victorian Businesses

4 August 2020

Via Business Victoria.

The Business Support Package provides more support to help businesses and workers through to the other side of the coronavirus (COVID-19) pandemic.

The new package includes:

• The Business Support Fund – Expansion program providing $10,000 for employing businesses in metropolitan Melbourne and Mitchell Shire and $5,000 for employing businesses in regional Victoria (except Mitchell Shire.)
• A $30 million dedicated fund for Victoria’s night time economy to support the hardest hit businesses in hospitality.
• $26 million in mental health support will ensure Victorians dealing with the compounding challenges of running a small business can get the support they need as they navigate their way through the crisis.
• A $10 million business mentoring program, pairing small business owners with experienced professionals who can help them navigate their way through the crisis.
• A $40 million capped fund for regional tourism businesses to cover the costs of refunds.
• A $20 million fund to support small businesses in Melbourne’s CBD that are faced with a large and sustained shock to their trading environments.

Businesses will also benefit from an extended and expanded 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.

Read more about all funds via Business Victoria.