NSW Support for local business
SUPPORTING SMALL BUSINESS THROUGH OMICRON
Small business who experienced downturn over summer can now apply for a NSW Government support payment of up to $5,000 per week through Service NSW.
Member for Tamworth Kevin Anderson encouraged businesses with reduced cash flow to apply for the Small Business Support Program so that they could ensure they get through this tough period and keep people in jobs.
“Omicron was another hit to small business right across our region. The state was open, but businesses, particularly in the hospitality and tourism industries found that customers simply were not coming through the door,” Mr Anderson said.
“This program ensures these businesses get through Omicron and bounce back, particularly as we head towards major local events like the 50th Tamworth Country Music Festival.”
Mr Anderson said businesses who had previously applied for support would be familiar with the process and that the Service NSW Business Concierge team and grant assessors were ready to assist.
“Eligible businesses can expect to see payments within 10 days after submitting their application which means they’ll receive a much needed cash boost as soon as possible.”
The Small Business Support Program will provide targeted support to businesses with an annual turnover of between $75,000 and $50 million that experienced a decline in turnover of at least 40 per cent in January 2022 and the start of February 2022.
Payments will cover up to 20 per cent of weekly payroll, to a maximum of $5,000 per week. Eligible non-employing businesses, such as sole traders, will receive $500 per week.
Funds can be used to cover business expenses such as wages, rent, loss of perishable goods, professional services and other costs.
Applications can be made online through the Service NSW MyAccount, by visiting a local service centre or by calling 13 77 88.
For more information on the support program, please visit:
https://www.service.nsw.gov.au/transaction/2022-small-business-support-program