The NSW Government has announced a new grant available for small businesses affected by COVID-19. This grant was made available from 1 July 2020.
With the ongoing challenges that COVID-19 is causing, we wanted to ensure we’re keeping you up to date with the latest when it comes to government grants surrounding COVID-19.
The NSW Government has announced a new grant available for small businesses affected by COVID-19. This grant was made available from 1 July 2020.
The ‘small business recovery grant’ is designed to help affected businesses to cover their immediate costs involved in meeting the social distancing requirements involved when re-opening. The grant ranges from $500 to a maximum of $3,000.
To be eligible for this grant, you must as at 1 March 2020:
- be a small business or a not-for-profit organisation (see guidelines) based in NSW
- have an ABN registered in NSW (make sure all your business details are up to date on the Australian Business Register - this is used to determine eligibility)
- have an annual turnover of more than $75,000 (a Business Activity Statement must be provided as evidence).
Where a small business does not submit a BAS to the Australian Tax Office, and meets all other criteria, the small business should contact Service NSW to discuss further. In these cases, an income tax declaration may be accepted as evidence of an annual turnover of $75,000. - employ less than 20 full-time equivalent (FTE) staff (non-employing businesses can apply)
- be able to report a payroll below the NSW 2019-2020 payroll tax threshold of $900,000
- be in a highly impacted industry by the Public Health (COVID-19 Restrictions on Gathering and Movement) Order 2020 (see guidelines)
- have experienced at least 30% decline in turnover from March to July 2020 compared to the equivalent period (of at least 2 weeks) in 2019
- have costs associated with safely reopening or up-scaling your business from 1 July 2020.”
The full eligibility criteria has been inserted below for your reference from the Service NSW website.
Like with the previous NSW COVID-19 grant, there are specific requirements surrounding what the money can be used for. These include:
- fit-out changes and temporary physical changes (for example, plastic barriers at checkouts)
- staff training and counselling
- business advice and continuity planning
- cleaning products and additional cleaning services
- additional equipment necessary to comply with social distancing or other public health measures
- marketing, communications and advertising
- digital solutions (for example, e-commerce or business websites).
*The expense must have been physically purchased from 1 July and not covered by any other grant provided.
Note: applications close 11:59pm Sunday 16 August 2020.
If you meet the eligibility criteria and require a letter from us to confirming specific criteria, please reach out and contact our team. You can email us at This email address is being protected from spambots. You need JavaScript enabled to view it. or call us on 02 4601 1000 [Camden] or 02 4210 6030 [Wollongong].
