COVID-19 grants and support for small business
Grants, rebates and other relief for eligible small businesses to help them deal with the impacts of COVID-19
Support for COVID-affected individuals
Weekly payments are available to individuals, including business owners and operators, who can’t earn an income because they are COVID positive or are ordered to isolate by authorities.
The Pandemic Leave Disaster Payment helps those who can’t earn an income because they have been directed by a State health official (or approved contact tracer) to self-isolate or quarantine, and they don’t have access to any special paid leave.
Stay NSW Vouchers help support accommodation providers in NSW impacted by COVID-19. NSW residents aged 18 and over can apply for one (1) $50 voucher to use towards the cost of accommodation bookings.
Businesses must register for the scheme to take part. Registration is now open to all eligible accommodation providers with a physical location in NSW. Businesses that register to accept Stay NSW vouchers can also automatically accept Parents NSW vouchers.
From 21 February, the Stay NSW Vouchers are being released by Local Government Area (LGA) over a 2-week period.
Outdoor dining grants
The NSW Government is trialling the easing of planning rules which will allow all pubs and small bars to apply to use the footpath and public spaces to serve diners alfresco under exempt development rules has now been made permanent. The rules for alfresco dining on public and private land are also being temporarily changed to include parks, registered clubs and open spaces.
From July 2022, hospitality businesses can apply for rebates of up to $5,000 to set up outdoor dining spaces and planning rules will be further eased to make it easier for businesses to get permission. Businesses will also be able to apply to set up alfresco dining as an exempt development with landowner’s consent. For more information on outdoor dining, see the Alfresco Restart Package.
Support from banks and other financial institutions
The Australian Banking Association (ABA) has announced a national support package for small businesses significantly impacted by 2021 COVID-19 lockdowns or recovery from recent lockdowns. The support includes options to pay in full, make partial payments or access further hardship assistance. Customers will need to contact their financial institutions to discuss the options available to them. Business owners and operators should consider seeking independent legal, financial, taxation or other advice that relates to your unique circumstances. For more information, see Australian Banking Association.
Assistance for Indigenous businesses
Indigenous Business Australia (IBA) is providing support to eligible Indigenous businesses impacted by COVID-19, including those that are not existing IBA customers. Assistance may include loan deferrals, grants or a combination of both to help with ongoing fixed costs through the COVID-19 crisis. For more information, visit Indigenous Business Australia supporting COVID-19.
Small and medium enterprise (SME) guarantee scheme
The Commonwealth Government will guarantee 50% of the value of eligible business loans to small and medium enterprises impacted by COVID-19. Maximum loan value is $250,000 and there will be a repayment-free period of six months. Business can apply for 10-year loans of up to $5 million. For more information about the scheme and the eligibility criteria, visit the SME Recovery Loan Scheme.
Other small business grants and support
For other support and grants for small business, see Grants and other financial support for small business.