The Victorian Government has announced another grant for Victorians under the catchy title "Third Round of Business Support Fund Grants"
How much?
The amount of grants available from this program range from $10,000 to $20,000 depending on the business’ annual payroll.
Eligibility
To be eligible for a grant from this program, applicants must:
operate a business located within Victoria; and
participate in the Commonwealth Government’s JobKeeper Payment scheme; and
employ people and be registered with WorkSafe; and
have had an annual payroll of less than $10 million in 2019-20; and
be registered for Goods and Services Tax (GST); and
hold an Australian Business Number (ABN); and
be registered with the responsible Federal or State regulator.
Tiered Grants
An eligible business will receive:
· $10,000 if its annual payroll is less than $650,000
· $15,000 if its annual payroll is between $650,000 and $3 million
· $20,000 if its payroll is between $3 million and $10 million.
Grant applications open 18th September 2020
Full details
The full details can be found at the Business Victoria website
Need Help?
Make a call to any of the team at May Klye & Associates on (03) 9585 7555 or email us.