NSW Small Business COVID-19 Recovery Grant

The NSW Government is gradually lifting the restrictions on movement and business operations that were aimed at reducing the spread of COVID-19. This is enabling small businesses to reopen or scale-up their operations. In doing so, small businesses may need to make changes to ensure they provide a safe environment for their staff and the public.

Many small businesses and not-for-profits have experienced a decline in turnover due to the COVID-19 pandemic. The Small Business Recovery Grant (“the Grant”) will help these small businesses and not-for-profits meet the costs of safely reopening or scaling up operations.

Applications will open on 1 July 2020 and close at 11:59pm Sunday 16 August 2020.

Available funding

Businesses and not-for-profits will be eligible for a one-off grant of between $500 to $3000 via one application.

Eligibility criteria

Businesses and not-for-profits will be eligible for the grant if they:

  • have an Australian Business Number (ABN) as at 1 March 2020 registered in NSW;
  • have total Australian wages below the NSW Government 2019-20 payroll tax threshold of $900,000 as at 1 March 2020;
  • have fewer than 20 full-time equivalent (FTE) staff (including non-employing businesses) as at 1 March 2020;
  • have an annual turnover of more than $75,000 as at 1 March 2020;
  • have experienced a decline in turnover of at least 30 per cent from March to July 2020 compared to the equivalent period (of at least 2 weeks) in 2019;
  • are in a highly impacted industry (see Attachment A) as at 1 March 2020. These industries were impacted by the COVID-19 Restrictions on Gathering and Movement Order 2020;
  • have costs from 1 July 2020 associated with safely reopening or scaling up their business.

How funding may be used

The Small Business Recovery Grant will provide eligible small businesses and not-for-profits with a grant of between $500 to $3000 to support them to safely reopen or scale up operations.  Grant funds can, for example, be used on:

  • fit-out changes and temporary physical changes (for example, plastic barriers at checkouts);
  • staff training and counselling (for example, health & safety risks and mitigation strategies);
  • business advice and continuity planning;
  • cleaning products and additional cleaning services;
  • additional equipment necessary to comply with social distancing or other public health measures;
  • marketing, communications and advertising (for example, to let the community know the business is operating again); and
  • digital solutions (for example, e-commerce or business websites).

Please see the following link which outlines in greater detail all the relevant guidelines about the grant https://www.service.nsw.gov.au/small-business-covid-19-recovery-grant-guidelines

There are also other grants, loans and financial assistance on offer from the NSW Government that you can access via https://www.service.nsw.gov.au/campaign/covid-19-help-small-businesses/grants-loans-and-financial-assistance

Recent Articles

Covid-19 Update: Changes to Roberts & Morrow Office Entry

14th October 2021

14 October 2021 Relevant for NSW ONLY - The requirements set out in this communication are subject to change. With the... Read More

Medium and emerging private groups ATO program

08th October 2021

1 October 2021 The ATO continues to run the medium and emerging private groups program under the umbrella of the... Read More

Self education expense threshold to be removed

08th October 2021

29 September 2021 The $250 non-deductible threshold for self-education expenses could soon be a thing of the past. The government... Read More

NSW JobSaver to end 30 November – IS YOUR BUSINESS READY?

08th October 2021

8 October 2021 When NSW reaches the 80% double vaccination rate, which is likely to be in October 2021, the... Read More