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The state government has rolled out a $250.7 million package to support Victorian businesses hit by the latest snap lockdown.
The $250.7 million Circuit Breaker Business Support Package will be allocated to up to 90,000 Victorian businesses affected by the lockdown restrictions running until Thursday night, including three initiatives for small to medium-sized businesses and sole traders.
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The new package has built on around $6 billion in support the Victorian government has given to businesses through the pandemic, including three rounds of the Business Support Fund.
Almost $200 million ($190 million) has been wheeled towards a second round of the government’s Business Costs Assistance Program. The scheme will offer $2,500 grants for eligible businesses directly affected by industry restrictions, such as restaurants and cafes, event suppliers, accommodation providers and non-essential retailers.
A further $40.7 million will back a new round of the government’s Licensed Hospitality Venue Fund, which will provide businesses holding an eligible liquor licence and food certificate with a $3,500 grant per premises.
The first two initiatives will open from Wednesday (2 June).
Finally, an allocation of $20 million will be dedicated to supporting operators in the events industry who have incurred losses due to the restrictions. More details are set to come.
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