If you’re a business, sole trader, or not-for-profit organization in NSW and you’ve been impacted by the recent COVID-19 restriction then you can apply for COVID-19 Business Grants.
You may be eligible for a one-off grant of $7,500, $10,500 or $15,000.
The 2021 COVID-19 business grant provides support for businesses that experienced reduced demand or had to close due to public health orders. It will provide businesses across NSW with cash flow support for the first 3 weeks of the restrictions (26 June to 17 July 2021).
Eligible applicants across Greater Sydney and regional NSW can use the business grant for business costs incurred from 1 June 2021 to 17 July 2021, including:
- Salaries and wages;
- Utilities and rent;
- Financial, legal or other advice;
- Marketing and communications;
- Perishable goods;
- Other business costs.
Three different grant amounts will be available depending on the decline in turnover:
- $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.
Criteria to Apply for COVID-19 Business Grants
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.
- For non-employing businesses, have your primary income source (that is, 50% or more of total income) come from this business. If you have more than one non-employing business, you can only claim payments for one business.