This morning the Queensland Government introduced a $260 million grant for small to medium businesses who have been affected by the two recent lockdowns.
Eligible businesses will receive $5,000 (excluding GST) to use for any business expenses and to support cash flow through the Covid Lockdown. Your business does not have to be located in South East Queensland to be eligible for the grant.
To be eligible for the grant, your business must have experienced a reduction in turnover of at least 30% as a result of the lockdown.
Small & Medium Businesses are defined as having:
- A turnover of more than $75,000 per annum
- An annual payroll in Queensland of up to $10 million
Applying for the Grant
You will need to apply online with supporting evidence. The funds will be paid into your bank account within 2 weeks of the application being processed and approved.
More specific information about the grant including opening date will be available within the coming days.
If you need assistance regarding your grant application, please do not hesitate to contact our Team.