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NSW offers SMEs COVID-19 cash grants
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The NSW government has launched a new grants package to support small businesses in NSW impacted by the current lockdown.
NSW Premier Gladys Berejiklian has outlined a package of grants of between $5,000 and $10,000 for small businesses – as well as a swathe of other support measures – to help SMEs survive the 14-day lockdown period and ongoing COVID-19 restrictions.
The small-business support grants, announced on Tuesday (29 June), aim to help alleviate cash flow constraints while trading is restricted. The grants can be used for business expenses such as rent, utilities and wages, for which no other government support is available.
Westpac
Westpac has welcomed the announcement of a major new grants package from the NSW Government to support small businesses that have been financially impacted by the current COVID-19 restrictions.
“The NSW Government’s COVID-19 support package will be a much-needed boost for businesses that have had their trade and cashflow impacted by the latest restrictions,” said Chris de Bruin, Westpac Chief Executive Consumer & Business Banking.
“We know that many small business owners have been affected, and this financial support will assist with covering ongoing business expenses, like rent and wages, until it is safe to re-open the doors again.