Explained: What’s in the NSW COVID-19 business support package?
Bird s eye view of Sydney. Source: Unsplash/Jamie Davies.
The NSW and federal governments joint COVID-19 business support package announced yesterday includes a raft of measures for small and medium businesses affected by coronavirus restrictions.
From a new ‘Saving Jobs’ weekly cashflow boost to a revival of commercial rent support, New South Wales businesses will soon be able to access further financial assistance as the possibility of an extended lockdown in Greater Sydney’s increases.
Here are all the support measures for businesses.
Saving Jobs cashflow payments
The Saving Jobs support program, funded by the NSW and Commonwealth governments, will give cashflow support to sole traders as well as small and medium businesses affected by NSW current coronavirus restrictions.