Round 3 of Business Support Fund Grants

On Sunday 13 September, Victoria’s Premiere, Daniel Andrews announced additional business support with over $1.1 billion in cash grants for small and medium-sized businesses that are most affected by coronavirus restrictions including $822 million as part of the third round of the Business Support Fund.

In this third round of business support fund, eligible businesses will receive:

• $10,000 if its annual payroll is less than $650,000
• $15,000 if its annual payroll is between $650,000 and $3 million
• $20,000 if its payroll is between $3 million and $10 million.

To be eligible, applicants must:

• operate a business located within Victoria; and
• participate in the Commonwealth Government’s JobKeeper Payment scheme; and
• employ people and be registered with WorkSafe; and
• have had an annual payroll of less than $10 million in 2019-20; and
• be registered for Goods and Services Tax (GST); and
• hold an Australian Business Number (ABN); and
• be registered with the responsible federal or state regulator.

Note: A full list of the eligibility criteria for a grant will be published when applications open.

Applications open today (Friday 18 September 2020).

To apply, click here:
https://www.business.vic.gov.au/support-for-your-business/grants-and-assistance/business-resilience-package/business-support-fund-3