Small Business Support in March

APPLICATIONS CLOSE: 31 MARCH 2022

Small businesses that experienced a downturn over summer can now apply for a NSW Government support payment of up to $5,000 per week through Service NSW, assisting small businesses’ cash flow and ongoing trading.

Member for Castle Hill Ray Williams MP said “the Small Business Support Program will provide cashflow assistance to help local businesses get through the current COVID-19 outbreak and keep workers employed”.

Once customers submit complete and eligible applications, they can expect to receive a payment within five to 10 business days of approval of their application. The program is part of a suite of responses to the Omicron wave and is designed to help the businesses in greatest need.

It will provide targeted support to businesses with an annual turnover of between $75,000 and $50 million that experienced a decline in turnover of at least 40 per cent in January 2022 and the start of February 2022.

The payment for employing businesses will cover up to 20 per cent of weekly payroll, up to a maximum of $5,000 per week. Eligible non-employing businesses, such as sole traders, will receive $500 per week. Funds can be used to cover business expenses such as wages, rent, loss of perishable goods, professional services and other costs.

The Service NSW Business Concierge team and grant assessors are standing by ready to assist customers with applications and get financial support into the hands of business owners.

Applications can be made online through the Service NSW MyAccount, by visiting a local service centre or by calling 13 77 88.

For more information on the support program, please visit: www. service.nsw.gov.au/transaction/2022-small-business-support-program