A new jointly-funded package from the Commonwealth and South Australian Governments will give local small and medium businesses impacted by ongoing density and other trading restrictions further financial support as they continue to recover from the recent lockdown.
The new South Australian COVID-19 Additional Business Support Grant – will deliver about an extra $40 million in support to an estimated 19,000 local businesses in eligible industries – such as hospitality, performing art venues, artists and performers, tourism, gyms, and transport.
The package will be split on a 50/50 basis between the Commonwealth and the South Australian Governments, with the state government to administer the program.
The new package includes:
- $3,000 cash grants for employing businesses and $1,000 for non-employing businesses (e.g. sole traders) in eligible industry sectors that have experienced a decline in turnover of 30 per cent or more over a two-week period as a result of the COVID-19 trading restrictions introduced from 28 July 2021.
- An additional CBD grant of $1,000 will be available for eligible businesses (both employing and non-employing) with a commercial premise in the Adelaide CBD (postcode 5000), in recognition of the increased impact on city businesses as a result of people working from home.
In addition, a new Major Events Support Grant of up to $25,000 for eligible events that were either cancelled, or suffered a significant financial loss, as a result of having to be cancelled or postponed due to the COVID-19 lock down in July or further restrictions to 4 August will be funded by the South Australian Government.
“The new jointly funded support is in addition to the $100 million Business Support Package, announced during the state’s recent 7-day lockdown,” said South Australian Treasurer Rob Lucas.
Applications will open 13 August and will close on 17 October 2021.
More information on eligibility criteria can be found here. Detailed Guidelines and Terms and Conditions for the COVID-19 Additional Business Support Grant will be released soon, along with the application portal.
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