NSW Small Business COVID-19 Support Grant

The NSW Government is providing financial support in an attempt to reduce financial pressures resulting from COVID-19.

What the Grant Covers

The grant is designed to support the ongoing operational needs of impacted small businesses.

Eligible businesses will be able to use grant proceeds to cover costs such as: utilities, council rates, insurance payments, professional advice, wages for employees not eligible for Jobkeeper payments, etc.

How much is the grant?

This grant is a maximum of up to $10,000 [cash injection]

Eligibility criteria

To be eligible for the grant, you must:

• Be based in NSW
• Be a small business
• Have a registered ABN as at 1 March 2020
• Have an annual turnover of more than $75,000
• Employ 1-19 full-time workers as at 1 March 2020
• Be below the NSW payroll tax threshold of $900,000
• Have been highly impact by covid-19 restrictions on Gathering and Movement Order 2020
• Have experienced at least a 75% decline in turnover compared to the same two-week period in 2019, as a result of COVID-19
• Have unavoidable business cost not otherwise the subject of other NSW and Commonwealth financial assistance measures i.e. Jobkeeper

Grant Application Process - Deconstructed

Information required pre-submission

Before you apply, make sure you have the below:

• a MyServicesNSW Account
• your proof of identity
• your valid ABN/ACN number
• your business banking details for payment
• copy of your latest Business Activity Statement (BAS)
• You’ll be required to sign a declaration that you meet all the eligibility criteria including at least a 75% decrease in turnover compared with the same 2 week period in 2019.

NOTE: If your business doesn’t have the comparative figures to compare against, then please contact our office for a letter confirming you meet the criteria in other ways.

They will be conducting a post grant audit, so it’s important you have all this information before you apply.

The Application process

The application process is nice and simple and is listed below (the application can’t be saved, so make sure you have all the information beforehand):

1. Gather all your information.
2. Check the eligibility criteria.
3. Select the 'Apply online' button.
4. Log in or create your MyServiceNSW Account.
5. Select and verify your identity documents.
6. When your identity is verified, select 'Continue with application'.
7. Enter the required information and upload any supporting documents.
8. Enter your insurance details (if applicable).
9. Enter your bank details.
10. Review your application.
11. Check the Declaration boxes.
12. You'll be sent a confirmation email.
13. If additional information to support your claim is required, you'll be notified.
14. If your application is approved, payment will be transferred within 10 business days.

If you require any assistance, as always get in contact with us.