Targeted Small Business Assistance Grants program available in Western Australia
Premier Mark McGowan has announced a multimillion-dollar financial support package for businesses directly impacted by the current public health rules in Perth and Peel, recognising the impact of unrecoverable losses for some businesses over the Christmas period.
The support programs are designed to assist small businesses, event companies, artists and creatives who were directly impacted by the public health measures in place.
Small businesses directly impacted will soon be able to apply for a grant of up to $12,500 (sole traders up to $4,400) to assist with some of the costs incurred as a direct result of the public health rules, which included an indoor mask mandate, a dancing ban and seated consumption of food or drink only.
The Small Business Assistance Grants program is open to eligible businesses - including creative and performing arts, catering, rental and hiring services and other hospitality businesses that can demonstrate a reduction in turnover of at least 30 per cent compared to the same 11-day period in 2020.
Nightclubs forced to close are eligible for a one-off $20,000 grant - recognising these businesses have had no ability to trade because of the specific public health direction.
Businesses impacted by the cancellation of major music events or festivals - which were deemed high-risk and potential superspreader events - will be able to apply under a revamped 'Getting the Show Back on the Road' program.
Small businesses will be able to apply online at http://www.smallbusiness.wa.gov.au early in 2022, with grant payments expected to commence by the end of January.
Contact TaxAssist Accountants
If you need any help or advice with the financial aspects of running your business, please contact us today on 02 9608 3707 or complete our contact form. We’ll be glad to help.
Last updated: 9th July 2022