STATEMENT: Small Business Recovery Grants

The Dubbo electorate has a broad range of businesses, and there is little doubt that our part of the world has been heavily impacted by the COVID-19 pandemic.

The NSW Government has worked hard to assist business owners, and the Small Business Recovery Grant is another example of that.

For some time now I have stated that the time has come for us to look at ways, within the health orders, to get business back on its feet and return our communities to some level of normality. Helping businesses reopen is a big part of that, and I encourage small business owners right across the electorate to apply when the program opens on July 1.

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Thousands of small businesses reopening across the State after the COVID-19 shutdown will benefit from funding of up to $3,000 under a new Small Business Recovery Grant.

Applications will open on 1 July to help businesses safely relaunch their operations with funds remaining from the $750 million Small Business Support Fund.

NSW Treasurer Dominic Perrottet announced the new recovery grants today after delivering an economic update to the NSW Parliament as the Government moves from response to a “Recovery and Reform” footing.

“Our collective prosperity has always been built on hard work, and creating jobs is the number one priority of the NSW Government,” Mr Perrottet said.

“Today we signal to the people of NSW a shift in direction, from response to recovery. It’s time to get the show back on the road. Keeping people in jobs and businesses in business is at the heart of everything we are doing.”

Minister for Customer Service Victor Dominello said the new grants signalled a move from business survival to business revival.

“The existing grant program has proven very popular, with around 35,000 businesses receiving relief to cover expenses such as rates and phone bills,” Mr Dominello said.

“Applying for this new grant will be simple and easy, so businesses can focus on reopening safely and welcoming back customers.”

The $10,000 Small Business Support Grant closes on 30 June and so far more than 49,700 businesses have applied for the grants worth more than $490 million.

Minister for Finance and Small Business Damien Tudehope said the new grants would help businesses turn their lights on, open their doors and welcome back customers and clients.

“We are getting NSW back to business by helping entrepreneurs and mum and dad owners to relaunch and revitalise their businesses,” Mr Tudehope said.

“The grants can be used to cover marketing and advertising expenses, make fit-out changes and train staff in how to work safely under the current health conditions.

“Small business owners can also get advice from Business Connect advisors to help them innovate, pivot or take advantage of opportunities in the market.

“We know when we support small business, we create jobs and we support our broader economy.”

The Small Business Recovery Grant can only be used for expenses from 1 July and where no other Government support is available.

More information will be made available on the Service NSW website closer to the launch.

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