COVID-19 NSW Business Support Grant Open

From tomorrow, eligible NSW businesses, sole traders and not-for-profit organisations will be able to apply for up to $15,000 from the first of the NSW Government’s economic support packages: The 2021 COVID-19 Business Support Grant.

Applications for the second tranche of assistance, which includes the Micro Business Support Grants and the JobSaver program, will open from Monday, July 26.

These programs will provide timely and targeted support for businesses to help them with much needed cash flow, maintain employees and provide relief for business expenses, for which no other government support is available.

Government is providing tax-free grants of between $7,500 and $15,000 to help alleviate some of the economic pressures being faced during the current COVID-19 lockdown.

The 2021 COVID-19 Business Support Grant will be available to NSW businesses that have a turnover of more than $75,000 and up to $50 million, and have a total annual wages bill of below $10 million.

Businesses can expect to start receiving funds from the Business Support Grant from the end of July.

Eligible businesses for the 2021 COVID-19 Business Support Grant will receive:

• $15,000 for a decline in turnover of 70 per cent, or more;
• $10,500 for a decline in turnover of 50 per cent, or more;
• $7,500 for a decline in turnover of 30 per cent, or more.

  COVID-19 Business Grant, Micro Business Support, NSW Small Business Support