Circuit-breaker support package – Warrnambool business experts explain

Posted on 31/05/2021 by Sinclair Wilson in COVID-19, Tax & Business Advice

The Victorian Government yesterday announced a $250m support package as a result of the circuit breaker lockdown announced on 27 May 2021.

Details as of today (31 May) are still light-on, and you won’t be able to apply until later this week. But what we already know about it is as follows:

The Package includes three components to assist businesses through the circuit breaker lockdown:

1. Business Costs Assistance Program

This program provides $2,500 grants for eligible businesses (including sole operators) that operate in an industry that can’t operate under the circuit breaker restrictions and that can’t work remotely.

The program will open for applications on Wednesday 2 June 2021. Businesses will have three weeks to apply.

More detail about this grant is expected as the week goes on. Keep in touch with us to ensure that you make the most of what’s available.

2. Licensed Hospitality Venue Fund 2021

Businesses that hold an eligible liquor licence and food certificate will be granted $3,500 per premises.

Once again, this program will  open for applications on Wednesday 2 June 2021, and will remain open for applications for three weeks.

Wondering if you’re eligible? Contact our Business Advisors to ensure you get what you deserve.

3. Victorian Events Support Package

This program has been created to support operators in the events industry who have suffered losses due to the circuit breaker restrictions.

Information about this grant in particular is still coming – if it impacts you, be sure to contact our Business specialists to ensure you are in the know about what you can claim.

How can I stay informed of what’s available, and when? 

You can register on the Business Victoria website, which can be found here.

Otherwise, keep in touch with us – Sinclair Wilson’s Business Advisors are keeping themselves up to date on all announcements to ensure our clients can make the most of what’s available to support them through these latest circumstances.