PHOTO: Businesses must prove significant losses to be eligible.
The NSW Government has released $1 billion in funding to support businesses suffering from the pandemic, but its success is reliant on the government’s predictions of how the pandemic will continue.
The $1 billion relief package for small businesses impacted by COVID-19 will be available to businesses who can prove a significant amount of losses and damage to the business within January and February this year, with each business being eligible to receive up to $5,000.
According to the funding requirements, businesses must prove a 40 per cent decline in business within that two month period, with employing businesses being able to claim $5,000, and up to $2,000 for non-employing businesses.
Member for Barwon Roy Butler detailed other parts of the package that will benefit businesses.
“There are also rebates for rapid antigen tests and a range of other fees and charges as well as relief for landlord who have given rental waivers,” Mr Butler said.
While local businesses are eligible to apply if meeting the criteria…