Only couple of weeks until the applications for NSW Covid-19 Business Grant close!

Who can apply for NSW Covid-19 Business Grant?

Funding is available to support businesses, sole traders and not-for-profits that have experienced reduced demand or have had to close due to the public health orders.

It will support businesses with cash flow for the first 3 weeks of the Greater Sydney lockdown, which started on 26 June 2021.

Eligible applicants across NSW can use the grant for business costs incurred from 1 June 2021, including:

• utilities, wages and rent
• financial, legal or other advice to support business continuity planning
• marketing and communications activities to develop the business
• the cost of perishable goods that can no longer be used
• other activities to support the operation of the business.

Three different grant amounts will be available depending on the decline in turnover experienced over a minimum 2-week period from 26 June 2021 to 17 July 2021, compared to the same period in 2019:

• $7,500 for a decline of 30% or more
• $10,500 for a decline of 50% or more
• $15,000 for a decline of 70% or more.

Are you eligible for NSW 2021 COVID-19 business grant ?

To be eligible for the grant, you must:

• have an active Australian Business Number (ABN)
• demonstrate your business was operating in NSW on 1 June 2021
• have had total annual Australian wages of $10 million or less on 1 July 2020
• have had an aggregated annual turnover between $75,000 and $50 million (inclusive) for the year ended 30 June 2020
• have business costs for which there is no other government support available
• have experienced a decline in turnover of 30% or more due to the public health order over a minimum 2-week period from 26 June 2021 to 17 July 2021 compared to:
  • the same period in 2019, or
  • the same period in 2020, or
  • the 2 weeks immediately prior to any restrictions of 12 June to 25 June 2021 (inclusive).
• for employing businesses, maintain your employee headcount from 13 July 2021 while receiving payments from this grant. See the guidelines for definitions.
• for non-employing businesses, have your primary income source come from this business. If you have more than one non-employing business, you can only claim payments for one business.

You can apply on ServiceNSW – make sure to get in touch if you need help.

https://www.service.nsw.gov.au/transaction/2021-covid-19-business-grant