MTAWA: What You Need to Know: WA Small Business Lockdown Grants
Small businesses throughout Western Australia will soon be able to apply for a $3,000 grant to provide cash flow support to assist with some of the costs incurred as a direct result of the recent four-day lockdown.
A new round of the Small Business Lockdown Assistance Grants program is being opened to provide some support to small businesses that incurred direct costs or lost more than 30 per cent of revenues due to the restrictions.
The one-off grants are for the lockdown between June 29, 2021 and July 2, 2021 and the associated restriction period from July 3, 2021 to July 6, 2021.
The program is also available to eligible small businesses in regional Western Australia that were most likely to have been impacted during this period.
The State Government has committed $41.5 million for the new grants, which are open to eligible businesses that have an Australia-wide payroll of less than $4 million and are registered for GST purposes.
More than 15,400 businesses in Perth and Peel and 2,300 businesses in regional WA could be eligible for the program - including hospitality, catering, fitness, hair and beauty, and creative and performing arts, among others.
Businesses must be able to prove losses incurred for perishable goods, cancellations or other unforeseen costs or demonstrate at least a 30 per cent reduction in revenues as a result of the lockdown.
Small businesses can apply from July 19 online at https://www.smallbusiness.wa.gov.au with grant payments expected to commence by the end of the month.
The grants add to the more than $1.3 billion of assistance the McGowan Government has provided to Western Australian businesses - which has included electricity bill relief, payroll tax and business licence fee waivers, grants and other industry specific measures.
The Small Business Lockdown Assistance Grants for the Anzac Day weekend lockdown received 10,653 applications by the closing date of June 30, 2021.
To date, 7,000 applications have been approved with more than $13 million already paid. All remaining applications for this round are expected to be processed in the coming weeks.
For the full list of eligible businesses, including those in regional WA, visit the Small Business Development Corporation website.