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Victoria coronavirus update: Additional financial assistance has been made available to Victorian businesses still feeling the effects of multiple lockdowns

Victorian businesses will receive additional financial support as lockdown eases through a new jointly funded package from the federal and state governments. The new Victorian Business Support Package will deliver an extra $400 million for thousands of small and medium businesses, with funding to be split evenly between the commonwealth and the state. Treasurer Tim Pallas today said the decision to provide additional aid was to further support traders as they continue to feel the effects of five lockdowns. READ MORE: Victoria Treasurer Tim Pallas.(Nine) We are not giving you money to essentially help you through what will be a difficult time going into lockdown, he said.

Victorian businesses offered extra financial support after repeated lockdowns

Victorian businesses offered extra financial support after repeated lockdowns
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Coronavirus Victoria lockdown restrictions update: Full list of what you can and can t do now that lockdown restrictions have eased in Victoria

In-person learning will re-open for all year levels from tomorrow, so students can go back to school. How about the office? Victoria s authorised worker list is being scrapped, so all businesses and venues can reopen, though under the four-square-metre rule. People who can work from home are still ordered to. However, offices are reopening with limits of up to 25 per cent or 10 people, whichever is greater. Are gyms, bars, and hairdressers opening? Live music venues, dance classes and gyms will all open under the four-square-metre rule. Restaurants and cafes can re-open for seated service only. Retail, and beauty and personal care, will open under the four-square-metre rule, along with entertainment and community venues.

Bourke Street Mall: Melbourne s prize shopping strip faces lean years

Advertisement Bourke Street Mall is facing a challenge to retain its premier status as a retail shopping strip, with the pandemic and changing shopping habits looking set to force radical changes. Shop rents, traditionally among Melbourne’s most expensive, have tumbled, according to one of the city’s leading commercial real estate agents, as foot traffic on the mall remains stubbornly low, even when the city is not locked down. Retail vacancy rates have soared, with commercial real estate agents saying they cannot remember a time when shops lay empty on the strip. Two major new redevelopments in the pipeline are expected to dramatically change the flavour of the mall, with a supermarket and hotels to shake up the traditional occupier mix, but several years of major construction work must be completed before the strip’s new face is revealed.

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