Overview of the 3 Covid-19 Business Grants

Posted on

27th July, 2021

by

eclipseadvisory
Businesses in NSW impacted by COVID-19

They can access, subject to separate eligibility criteria, the following business support payments:

  • COVID-19 business grant (One-off payment up to $15,000)
  • COVID-19 micro-business grant (fortnightly payment backdated to 26 June 2021)
  • JobSaver payment (weekly payment equally funded by Commonwealth and NSW Government)

Service NSW is responsible for implementing and administering these business support schemes. Whilst we have details around the eligibility rules for each of the above support measures unless it is a simple or straightforward scenario, we urge clients to wait for more guidance from Service NSW if in doubt.

 

JobSaver payment (weekly payment equally funded by Commonwealth and NSW Government)

 The JobSaver weekly payment kicks in from week 4 (from 18 July onwards) and is meant to supplement support to businesses who received the COVID-19 business grant and continue to be impacted by the COVID-19 restrictions. The weekly payment will be equivalent to 40% of the NSW weekly payroll, subject to a minimum amount of $1,500 and a maximum of $10,000. If you are a non-employing business such as a sole trader, you may be entitled to a payment of $1,000 per week.

 

2021 COVID-19 micro-business grant

The 2021 COVID-19 micro-business grant provides cash flow support for micro-businesses in New South Wales who have had their work impacted by the restrictions while continuing to incur business costs.

If you’re a micro-business (small business, sole trader or not-for-profit organisation with aggregated annual turnover between $30,000 and $75,000) impacted by the recent COVID-19 restrictions, you may be eligible to apply for a fortnightly payment of $1,500 to cover business expenses for the duration of the Greater Sydney lockdown.

 

To read more, download a pdf copy of business grants available for you.

Overview: Covid-19 Business Grant

JobSaver Payment Grant: Covid-19 JobSaver grant

Microbusiness Grant: Microbusinesses Grant


ServiceNSW links: Covid-19 Business Grant | JobSaver Grant | Microbusiness Grant