Victorian State Government unveils $534 million support package
On Friday 10th July 2020, the Victorian State Government unveiled a $534 million support package to help struggling businesses.
The key parts of the package are:
- $5,000 cash grants for eligible businesses affected by the six week lockdown of metropolitan Melbourne and the Mitchell Shire
- $40 million for regional tourism businesses to cover the cost of refunds
- $30 million for the hospitality industry and the night time economy
- $26 million for mental health support for business owners
- $20 million for small businesses in the Melbourne CBD
- $10 million for small business owners to help them engage professionals to assist them with this crisis
- Extended and expanded payroll tax deferral
Please note, at this point we do not have more details on these programs.
However, the Victorian State Government is expected to release more information soon and you can register your interest here:
Article posted Tuesday 14th July, 2020