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Circuit Breaker Business Support Package – Victoria
Package to assist small to medium businesses and sole traders, under the circuit breaker restrictions announced on 27 May 2021.
Package overview
The Victorian Government has launched the $250.7 million Circuit Breaker Business Support Package to assist small to medium businesses and sole traders, under the circuit breaker restrictions announced on 27 May 2021.
The package will support businesses unable to operate due to these necessary public health measures, including targeted support for the events industry.
With safety nets such as JobKeeper no longer available, this package provides vital support to businesses doing their part to help keep Victorians safe throughout the circuit breaker action.
The package includes:
- a $190.01 million second round of the Business Costs Assistance Program
- a $40.7 million new round of the Licensed Hospitality Venue Fund
- $20 million in targeted support for the events industry.
Update 2 June 2021
Building on the $250.7 million Circuit Breaker Business Support Package announced Sunday 30 May, a new allocation of up to $209.3 million will flow to small and medium-sized businesses, including sole traders,increasing the total support package to $460 million.
The Business Costs Assistance Program Round Two grants for eligible businesses located in metropolitan Melbourne will be doubled from $2,500 to $5,000.
Regional businesses unable to open due to the ongoing restrictions, such as nightclubs and amusement parks, will also be eligible for the extended payment.
Metropolitan businesses that will have restrictions eased from Friday 3 June 2021 will not be eligible for the extended payment.
The Licensed Hospitality Venue Fund 2021 grants for businesses in metropolitan Melbourne with eligible liquor licences and food certificates will be doubled from $3,500 to $7,000.
For more information visit Circuit Breaker Business Support Package | Business Victoria
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