State and Federal Government Support

Businesses impacted by the COVID-19 pandemic can access a range of support programs through the Victorian and Federal governments.

Business Resilience Package $3 billion to support Victorian businesses.

About the package

The Victorian Government is investing $3 billion to help businesses impacted by ongoing restrictions and prepare for COVID Normal business.

$3 billion in cash grants, tax relief and cashflow support will be delivered to Victorian businesses that have been most affected by coronavirus (COVID-19) restrictions. The package will help businesses survive and keep Victorians in jobs.

Sole trader, Hospitality and Melbourne CBD support packages fact sheet (PDF 156.04 KB)PDF icon

 Business Support

  • Small and medium sized business ($822 million): The third round of the Business Support Fund provides grants of $20,000, $15,000 or $10,000, depending on size, to around 75,000 eligible businesses with a payroll of up to $10 million. Applications open Friday 18 September 2020.

  • Licensed Hospitality Business ($251 million): The Licensed Hospitality Venue Fund provides grants of up to $30,000 for licensed pubs, clubs, hotels, bars, restaurants and reception centres, based on their venue capacity and location, plus liquor license fees waived until 2021.

  • Sole Trader Support Fund ($100 million): The Sole Trader Support Fund provides grants of $3,000 to over 30,000 eligible sole traders in sectors such as retail, accommodation and food services, creative and media, hairdressing, gyms, events, education and training who operate from a commercial premises or location as a tenant.

  • Alpine businesses ($4.3 million): Grants of up to $20,000 to help alpine businesses pay a service charge to Alpine Resort Management Boards.

  • Business Chambers and Trader Groups ($3 million): Grants for Business Chambers and Trader Groups is a competitive grants program to support local business groups and chambers of commerce in helping their members adapt to COVID Normal.

    Business Adaptation

    The package also provides additional funding, tools and resources to help businesses adapt and prepare for reopening under COVID Normal settings.

  • $100 million Melbourne City Recovery Fund, a partnership between the Victorian Government and the City of Melbourne to support Melbourne’s CBD on the roadmap for reopening to COVID Normal in the lead up to Christmas and during summer. The fund includes:

    • $30 million worth of grants for small and medium businesses to pay for equipment, convert spaces like rooftops and courtyards into hospitality zones and remodel internal layouts to allow for the better flow of patrons

    • $30 million to support COVIDSafe events and cultural activities to attract visitors back to the CBD when it is safe to do so

    • $40 million towards providing physical improvements to the CBD streetscape, which could include wider footpaths, bollards and street planter boxes

  • $87.5 million to support hospitality businesses prepare for COVID Normal reopening across Victoria. This includes:

    • $58 million Outdoor Eating and Entertainment Package providing grants of up to $5000 for hospitality businesses with an annual payroll of less than $3 million to help them adapt to outdoor dining

    • $29.5 million for grants of up to $500,000 per metro and regional city council, and $250,000 per rural council, to deliver reduced or waived permit fees, or invest in new infrastructure and equipment to support outdoor dining

  • $20 million voucher program to assist sole traders and small businesses in building their digital capability through off-the-shelf digital programs such as Shopify or Square online and workshops designed to help adapt to online operations.

  • $15.7 million package to help Victorian exporters get their products to market by addressing logistics and supply chain issues caused by the pandemic, and establishing new trade channels through virtual trade missions and assistance adapting their export strategies in a rapidly changing global market. Register your interest for the Export Recovery Package by visiting the Global Victoria website.External link (opens in same window)

  • $8.5 million to market and expand the ‘Click for Vic’ campaignExternal link (opens in same window) to promote small Victorian producer and encourage more Victorians to support local businesses.

    Waivers and deferrals

    The Government is also providing $1.8 billion in tax and cashflow support.

  • $1.7 billion to defer payroll tax for businesses with payrolls up to $10 million for the full 2020-21 financial year

  • $41 million to bring forward the 50% stamp duty discount for commercial and industrial property for all of Regional Victoria

  • $33 million to defer the planned increase in the landfill levy for six months

  • $30 million to waive 25% of the Congestion Levy this year, with the outstanding balance deferred.

  • $27 million in liquor license fee waivers for 2021

  • $6 million to waive Vacant Residential Land Tax for vacancies in 2020.

Grants to support Victorian businesses that must stay closed or operate under restrictions until COVID Normal.

Applications will remain open until funds are exhausted or until 11.59pm on 23 November 2020, whichever is earlier.

 Further information click here

Grants for Business Chambers and Trader Groups

ONGOING

Grants for metropolitan and regional business chambers and trader groups to help their member’s transition into COVID Normal

Further information click here

Sole Trader Support Fund

ONGOING

The $100 million Sole Trader Support Fund provides support to non-employing Victorian sole traders operating out of commercial premises or locations within specific sectors.

Further information click here

Licensed Hospitality Venue Fund

Applications will remain open until funds are exhausted or until 11.59pm on 23 November 2020, whichever is earlier.

Grants to help licensed bars, restaurants, pubs, clubs, hotels, cafes and reception centres get through the coronavirus (COVID-19) pandemic and prepare for COVID Normal business.

Further information click here

Outdoor Eating and Entertainment Package Business Grants

 Applications will remain open until funds are exhausted or until 11.59pm on 11 December 2020, whichever is earlier.

The Victorian Government is investing $58 million into the Outdoor Eating and Entertainment Package to help businesses prepare for COVID Normal by creating safe outdoor dining spaces.

Further information click here

Melbourne City Recovery Fund

 ONGOING

Supporting businesses in Melbourne’s CBD to adapt and prepare for reopening under COVID Normal settings.

Further information click here

 

Please see prior government information and packages that were made available below.

The Victorian Government Economic Survival Package

The Victorian Government has established an economic survival package to support Victorian businesses and workers through the devastating impacts of coronavirus (COVID-19). The package includes:

For a full list of industries affected by the stage 4 lockdown, visit the DHHS website.

Australian Government economic response to the Coronavirus 

The Australian Government is supporting Australian businesses to manage cash flow challenges and retain employees. Assistance includes cash flow support to businesses and temporary measures to provide relief for financially distressed businesses. Assistance under the Federal Government includes:

  • JobKeeper payment if your business circumstances have changed with new restrictions, you are still able to enrol to check eligibility for the job keeper payments
  • Cash flow support for small and medium businesses
  • Temporary relief for financially distressed businesses
  • Increasing the instant asset write-off
  • Backing business investment
  • Supporting apprentices and trainees
  • Not-for-profit organisations
  • Support for sole traders
  • A dedicated Coronavirus Business Liaison Unit

For more information on all Federal Government initiatives,visit https://treasury.gov.au/coronavirus/businesses.