Yesterday, the Queensland Government has announced the 2021 COVID-19 Business Support Grant.
The grant will be accessible to small and medium business across Queensland who have been affected by the recent lockdown that commenced from 4pm on the 31st of July 2021.
The Queensland Government recognises the short interval between lockdowns in South East Queensland, and the unique circumstances faced by regional economies who are impacted by multiple border closures. These $5,000 grants will provide cash flow support for businesses to help them adapt to evolving circumstances.
We note that applications are not yet open, this information will become available in the coming days.
Available funding
Businesses may be eligible to receive a grant of $5,000 (excluding GST). This grant may be used for business expenses.
Eligibility criteria
The grant provides support to employing small and medium businesses across Queensland impacted by the South East Queensland lockdown that commenced on 31 July 2021.
Your business doesn’t have to be located in South East Queensland, however eligible businesses must have experienced at least a 30% reduction in turnover as a result of the lockdown.
Small and medium businesses are defined as having:
• a turnover of more than $75,000 per annum
• an annual payroll in Queensland of up to $10 million.
Grants are also available for large businesses in the hospitality and tourism sector operating in the 11 local government areas in the lockdown, subject to meeting eligibility criteria.
Local government areas subject to lockdown restrictions are:
• Brisbane City Council
• Gold Coast City Council
• Ipswich City Council
• Lockyer Valley Regional Council
• Logan City Council
• Moreton Bay Regional Council
• Noosa Shire Council
• Redland City Council
• Scenic Rim Regional Council
• Somerset Regional Council
• Sunshine Coast Regional Council.
How to apply
You will need to apply online with supporting evidence. Grants will be processed in the order that they are received by the Queensland Government.
The grant funds will be paid within 2 weeks of being notified that your application has been approved.
As the grant has only just been announced, Hall Chadwick QLD will be continuing to monitor announcements from the Queensland Government. We will provide further information as soon as the applications are open and there are full details on meeting the eligibility criteria.
Further updates regarding the grant will be announced on the Queensland Government website, which can be accessed using the below link:
https://www.business.qld.gov.au/starting-business/advice-support/grants/covid19-support-grants
*UPDATE 10th August 2021, Business Support Grants have been expanded to include large tourism and hospitality businesses statewide. Monitor the link above for updated eligibility.
