News
Level 2 COVID-19 Business Assistance Package launched in Western Australia
Tiered grants for small and medium sized businesses to be rolled out for those with a 50 per cent reduction in turnover over four weeks.
The McGowan Government has announced a $72 million package for businesses most impacted by Level 2 public health and social measures,
The Small Business Hardship Grants Program will provide tiered grants to businesses that have a 50 per cent or greater reduction in turnover for any four week period between January 1, 2022 and April 30, 2022, relative to the same period last year.
This will include:
- $3,000 grant for sole traders (no employees);
- $7,500 grant for micro businesses (those with one to five employees);
- $20,000 grant for small businesses (those with six to 19 employees); and
- $50,000 for medium-sized businesses (those with 20 or more employees and with an annual payroll of up to $4 million).
This program will provide support to all eligible businesses that meet the criteria - including the hospitality, arts and events industries.
Eligible businesses that apply and receive funding from other recent business support programs, including the Level 1 COVID-19 Business Assistance Package, are also eligible to receive grants from the Level 2 package.
It is expected that applications to these programs will open later this month.
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If you need any help or advice with the financial aspects of running your business, please contact us today on 08 6245 7506 or complete our contact form. We’ll be glad to help.
Date published 4 Mar 2022 | Last updated 9 Jul 2022
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