$250.7 mn Circuit Breaker Business Support Package

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Photo by Dan Burton on Unsplash

The Victorian Government is backing businesses most affected by the seven-day circuit breaker action, including operators in the hospitality, retail, events and creative industries with further targeted support.

It has announced a $250.7 million Circuit Breaker Business Support Package to help up to 90,000 Victorian businesses that have been affected by the restrictions that will run until 11:59pm on Thursday, 3 June.

The package features three initiatives for small to medium-sized businesses and sole traders, according to an official press release.

The $190.01 million second round of the Business Costs Assistance Program will offer grants of $2,500 for eligible businesses directly affected by the circuit-breaker industry restrictions, including restaurants and cafes, event suppliers, accommodation providers and non-essential retailers.

A $40.7 million new round of the Licensed Hospitality Venue Fund will provide businesses holding an eligible liquor licence and food certificate with a $3,500 grant per premises.

An allocation of $20 million will be dedicated to supporting operators in the events industry who have incurred losses due to the circuit-breaker restrictions, with more details to be provided shortly.

Businesses can register their interest in the Business Costs Assistance Program at business.vic.gov.au, so they can be notified when applications open this week. Operators eligible for the Licensed Hospitality Venue Fund payment will be contacted directly by email in coming days.

The new package builds on more than $6 billion in direct economic support from the Labor Government to help businesses get through the pandemic, including through three rounds of the Business Support Fund.

More information about the Circuit Breaker Business Support Package is available at business.vic.gov.au.


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