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March 01 - Business Advice

Vic Gov Circuit Breaker Funding: What You Need To Know

Another week, another lockdown. With the most recent ‘circuit breaker’ came five days of closed shops and a lot of red roses wasted from cancelled Valentine’s Day plans. Businesses pulled off pivots in record breaking time which we loved to see, even seeing fourth-time-pushed-back-weddings that were brought forward a day for last minute celebrations on the Friday night in our news feeds. Melbournians really have this thing down pat now.

Whilst we are certainly more match fit than we were last year, the lockdown had ramifications that many small businesses just couldn’t afford. The Victoria Government has announced a $143 million support package aimed at helping those most affected by the five day closures. There are four initiatives that include sole traders (hooray!). 

Business Costs Assistance Program

Who: This one’s supporting those who were forced to close or cease trading as a result of the lockdown. Hospitality, tourism, events and selected retailers are the main beneficiaries here. Sole traders are also eligible. Those who lost food, cancellation fees and flowers can expect to claim. Here’s a full list of eligible sectors. Businesses can have payrolls of up to $3 million.

How much: $2000

When it closes: 16th March 11:59pm

More info here. 

Licensed Hospitality Venue Fund

Who: For those who’ve already received a payment through this existing fund, you may be eligible for a second installment. Because they already have you on record, you’ll be contacted directly; no need to apply. 

How much: $3000

More info here.

Victorian Accommodation Support Program

Who: The tourism industry just cannot catch a break in our beautiful state. This one is for accommodation providers who had cancellations between Friday 12th and Wednesday 17th February due to the lockdown. There are two tiers: tier one is for those who’ve had 10 or less nights cancelled, tier two is 11 or more nights.

How much: $2250 for tier one, $4500 for tier two

When does it close: The date is undisclosed, they are now taking expressions of interest.

More info here.

Melbourne Travel Voucher Scheme

Who: If you’ve been on airbnb lately you’d know that Melbournians are still chomping at the bit to get away at the moment. Incase you needed even more incentive, the government are releasing another round of regional travel vouchers, available to any Victorian over the age of 18. Regions include rural Victoria, Yarra Ranges, Dandenong Ranges and the Mornington Peninsula. 

How much: If you spend over $400 on accommodation, tours or experiences, you’ll be able to claim $200 back. You must stay for a minimum of two nights.

When does it close: These vouchers are snapped up very quickly, so set a calendar reminder that round three opens on 30th March at 10am and cross your fingers!

More info here.

If you have any questions about this latest round of support, or want to catch up and chat about business support in general, don’t hesitate to get in touch.