01 January 2021
A jointly funded package from the Commonwealth and the ACT Governments will give support to small and medium businesses in the Territory who have been impacted by the lockdown measures.
The ACT COVID-19 Business Support Grant will provide $3,000 for employing businesses and $1,000 for non-employing businesses where turnover has declined by 30% or more in the week defined as Friday 13 August - Friday 20 August 2021 (compared to the prior 7-day period) as a result of the COVID-19 health restrictions.
The ACT Government will also open a COVID-19 Small Business Hardship Scheme, where eligible ACT businesses can apply for credits on the cost of eligible fees and charges of up to $10,000 (inclusive of GST) per ABN. This scheme will provide credits for payroll tax, utilities, rates and certain business licences for small to medium businesses that can demonstrate a 30 per cent revenue loss in revenue.
Details of these schemes are being finalised. Businesses can express interest in the schemes via the Business Hub website.
