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The state has confirmed a second round for its business support program, with applications opening later this month.
Tasmanian businesses impacted by the ongoing COVID-19 pandemic will now receive continued assistance, following the state’s announcement of a second round in its COVID-19 Business Impact Support Program.
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First introduced last month, the program offered funding of between $1,000 and $5,000 for eligible businesses whose operations were impacted by COVID-19 restrictions over December and January.
Under this second round, eligible businesses that earned between $25,000 and $10 million during the last financial year can receive a grant between $1,000 and $10,000, depending on turnover.
For a business to be eligible, they must have had critical staff be required to isolate or quarantine; been forced to close due to a public health direction; or have experienced a 30 per cent reduction in turnover from 15 January to 14 February compared to the same period last year.
Businesses that did not operate for the entire 2021 financial year can also be eligible, however, by providing an annual sales turnover of $25,000 to $10 million for FY22.
In addition to the second round, the Tasmanian Government has said it will provide support for eligible businesses that have “suffered an unavoidable loss of perishables”.
These grants range from $1,000 to $5,000, again depending on turnover.
Applications for both grants open today (10 February) at 2:00pm AEDT.
A statement released by Tasmanian Minister for Small Business, Jane Howlett, stated: “While we know that our economy is strong and that many businesses are doing well, we recognise some are doing it tough.
“To assist those facing challenges, the Government has made more funding available through our new COVID-19 Business Impact Support Program which provides support for businesses that are experiencing reduced trading caused by a loss of staff due to COVID that has affected the business’ ability to operate, or loss of business due to significantly lower than usual customer demand.”
Last week, NSW confirmed that it would be investing $1 billion in a range of assistance packages, including the SME-focused Small Business Support Program.
In January, the ACT affirmed it would be extending its small-business assistance, while also introducing further aid for eligible live music venues located in the territory.
[Related: Tasmania launches support for customers of failed builders]
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