Vic government launches $250.7m business grants package
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Sarah Simpkins
Sarah Simpkins
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The state government has rolled out a $250.7 million package to support Victorian businesses hit by the latest snap lockdown.
The $250.7 million Circuit Breaker Business Support Package will be allocated to up to 90,000 Victorian businesses affected by the lockdown restrictions running until Thursday night, including three initiatives for small to medium-sized businesses and sole traders.
The new package has built on around $6 billion in support the Victorian government has given to businesses through the pandemic, including three rounds of the Business Support Fund.
Almost $200 million ($190 million) has been wheeled towards a second round of the government’s Business Costs Assistance Program. The scheme will offer $2,500 grants for eligible businesses directly affected by industry restrictions, such as restaurants and cafes, event suppliers, accommodation providers and non
While Victoria’s $250 million business support package will offer welcomed reprieve to some businesses facing extreme uncertainty after the state entered its fourth lockdown last week, others think the package is light on detail, and is unlikely to cover the losses suffered.