The Victorian Government has announced a support program for businesses most affected by the seven-day circuit breaker action, including operators in the hospitality, retail, events and creative industries with further targeted support.
Victorian businesses are now eligible for a $250.7 million Circuit Breaker Business Support Package. This will help up to 90,000 Victorian businesses that have been affected by the restrictions that will run until 11:59 pm on Thursday, 3 June.
The package features three initiatives for small to medium-sized businesses and sole traders.
“The $190.01 million second round of the Business Costs Assistance Program will offer grants of $2,500 for eligible businesses directly affected by the circuit-breaker industry restrictions, including restaurants and cafes, event suppliers, accommodation providers and non-essential retailers.”
A $40.7 million new round of the Licensed Hospitality Venue Fund will provide businesses holding an eligible liquor licence and food certificate with a $3,500 grant per premises.
An allocation of $20 million will be dedicated to supporting operators in the events industry who have incurred losses due to the circuit-breaker restrictions, with more details to be provided shortly.
Victoria’s Acting Premier James Merlino said in a media statement, “The circuit-breaker action will keep Victorians safe and protect businesses and jobs – but we know it’s not easy shutting your doors and putting your plans on hold.”
“This support will help businesses pay the bills and maintain their workforce as best they can, as we work together to get through this challenge.”
Businesses can register their interest in the Business Costs Assistance Program at business.vic.gov.au, so they can be notified when applications open this week. Operators eligible for the Licensed Hospitality Venue Fund payment will be contacted directly by email in the coming days.
The new package builds on more than $6 billion in direct economic support from the Labor Government to help businesses get through the pandemic, including through three rounds of the Business Support Fund.