Government Grants Currently Available!

The Federal and NSW Governments are providing support to keep businesses afloat during the COVID-19 crisis. Announcements of grants are made regularly so it is important as a business to keep on top of current grants that are still available. For your ease of reference, we have identified the below grants that are still active and could be able to assist your business. Note, the first two are new grants announced by the NSW Government today.

SMALL BUSINESS COVID-19 SUPPORT GRANT

Grant Provider & Amount Available Key Eligibility Criteria Additional Information
NSW Government

Up to $10,000

Provides small businesses with either of the following grants, depending on the % of revenue reduction across a minimum two-week period, starting from 26 June 2021 compared to an equivalent period in 2019:

  • $10,000 for a 70% revenue reduction
  • $7,000 for a 50% revenue reduction
  • $5,000 for a 30% revenue reduction

Eligibility

  • Small businesses (including sole traders) with an annual turnover above $75,000;
  • Total Australian wages below the NSW payroll tax threshold of $1.2 million as of 1 July 2020;
  • Employ fewer than 20 full-time employees;
  • Primarily operate in NSW or have an ABN registered in NSW
How to apply:

Apply Online via MyServiceNSW Account

More details on this grant will be available on Service NSW’s website shortly – click here

 

 

HOSPITALITY AND TOURISM COVID-19 SUPPORT GRANT

Grant Provider & Amount Available Key Eligibility Criteria Additional Information
NSW Government

Up to $10,000

Provides tourism or hospitality businesses with either of the following grants, depending on the % of revenue reduction across a minimum two-week period, starting from 26 June 2021 compared to an equivalent period in 2019:

  • $10,000 for a 70% revenue reduction
  • $7,000 for a 50% revenue reduction
  • $5,000 for a 30% revenue reduction

Eligibility

  • Hospitality or tourism businesses with an annual turnover above $75,000 but below $10 million;
  • Primarily operate in NSW or have an ABN registered in NSW
How to apply:

Apply Online via MyServiceNSW Account

More details on this grant will be available on Service NSW’s website shortly – click here

 

 

SMALL BUSINESS FEES AND CHARGES REBATE

Grant Provider & Amount Available Key Eligibility Criteria Additional Information
NSW Government

$1,500

Provides small businesses with $1,500 for the cost of government fees & Charges. The rebate will be available until 30 June 2022.

Eligibility

  • Small businesses (including non-employing sole traders) and not-for-profit organisations;
  • Total Australian wages below the NSW payroll tax threshold of $1.2 million;
  • Has an ABN registered in NSW and/or has business premises physically located and operating in NSW;
  • Registered for GST;
  • Provides a declaration that the business has a turnover of at least $75,000 per year.

Note: Small businesses not registered for GST or with a turnover of less than $75,000 per year will also be able to apply from 5 July 2021.

 

The rebate can only be used for eligible fees and charges due and paid from 1 March 2021. It cannot be used for fines or penalties.

How to apply:

Apply Online via MyServiceNSW Account

For more details and to apply, click here

 

 

EXPORT ASSISTANCE GRANT

Grant Provider & Amount Available Key Eligibility Criteria Additional Information
NSW Government

$10,000

Provided to eligible NSW businesses that are exporting goods or services before or during COVID-19. It will be provided as a reimbursement of 50% of eligible expenses.

Eligibility

  • Based in NSW;
  • Registered with an ABN and registered for GST as at 1 August 2019;
  • Currently exporting or were exporting prior to the impacts of COVID-19, bushfires or drought;
  • Employs a minimum of 3 full-time equivalent workers;
  • Owns the goods/services to be exported;
  • Produces the goods/services to be exported in Australia;
  • Annual turnover up to $100 million;
  • Annual turnover >$100 million, additional conditions required.

 

How to apply:

Apply Online via MyServiceNSW Account

For more details and to apply, click here

 

 

JOBMAKER HIRING CREDIT

Grant Provider & Amount Available Key Eligibility Criteria Additional Information
Australian Federal Government

Up to $200 a week

Incentive for businesses to employ additional young job seekers aged 16–35 year (for hire up until 6 October 2021).

Eligible employers

  • Registered for the JobMaker Hiring Credit scheme;
  • Operates a business in Australia;
  • Holds an ABN;
  • Is registered for PAYG Withholding;
  • Has not claimed JobKeeper payments for the same period;
  • Is up to date with income tax and GST returns;
  • Satisfies the payroll increase and the headcount increase conditions;
  • Satisfies up to date STP reporting;

Does not belong to one of the ineligible employer categories.

 

How to apply:

Apply using ATO online services or Online services for business or registered tax or BAS agent

For more details, click here

 

 

SME LOAN GUARANTEE SCHEME

Grant Provider & Amount Available Key Eligibility Criteria Additional Information
Australian Federal Government Provides access to 80% government-backed 10 year loans of up to $5 million. Loans must be approved between 1 Apr – 31 Dec 2021. These loans come with an option of a 24 month repayment holiday.

Eligibility

The Scheme is only open to SMEs with a turnover of up to $250 million that were:

  • Recipients of the JobKeeper payment between 4 January 2021 and 28 March 2021; or
  • Were affected by the floods in eligible LGAs in March 2021.

Both self‑employed individuals and non-profit businesses are eligible.

 

The third phase of the scheme will start on 1 April 2021 and run until 31 December 2021.

 How to apply:

Apply through participating lenders.

 

 

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