Circuit Breaker Action Business Support Package

What is the Circuit Breaker Action Business Support Package?

The Circuit Breaker Action Business Support Package is a scheme that will provide financial support to eligible businesses impacted by the circuit breaker action to limit the spread of COVID-19.

Background

New support has been announced for small businesses, including sole traders, most impacted by the coronavirus circuit-breaker action – with hospitality, tourism, events and creative industries operators to benefit from grants.

The $143 million Circuit Breaker Support Package is expected to help more than 50,000 Victorian businesses – including restaurants, florists, confectioners, hairdressers, accommodation providers, musicians and performers – who incurred costs such as the loss of perishable goods, cancelled gigs and foregone trading.

Funding

The package contains four initiatives targeted at businesses, including small and micro businesses.

Business Costs Assistance Program

The new Business Costs Assistance Program helps eligible businesses with costs incurred as a result of the circuit breaker action. For example, businesses may have incurred costs through loss of perishable food or produce and cancelled bookings.

Eligible businesses with an annual payroll of up to $3 million can receive a one-off grant of $2000, whether they have employees or not.

Licensed Hospitality Venue Fund – Circuit Breaker Action Payment

Eligible businesses who received a grant through the Licensed Hospitality Venue Fund will receive a further one-off payment of $3000 to help with costs incurred as a result of the circuit breaker action. Businesses that receive this payment will not be eligible to receive a grant from the Business Costs Assistance Program.

You do not need to apply for this payment. We will contact you with further information.

Victorian Accommodation Support Program

The new Victorian Accommodation Support Program is an expansion of the Regional Tourism Accommodation Support Program and includes tourist accommodation premises in Greater Melbourne. This will support accommodation providers whose bookings were cancelled due to the circuit breaker action to limit the spread of COVID-19.

The $16.2 million Program supports tourism accommodation providers with a grant of one of two tiers of support for those with demonstrated booking cancellations between Friday 12 February and Wednesday 17 February 2021:

Tier 1: Funding of $2250 (ex GST) per Accommodation Premises experiencing 10 or fewer cancelled nights.
Tier 2: Funding of $4500 (ex GST) per Accommodation Premises with 11 or more cancelled nights.

The Victorian Accommodation Support Program will open soon.

Regional Travel Voucher Scheme

Two travel voucher schemes will encourage Victorians to travel across the state, as our tourism industry recovers from the impacts of COVID-19 and bushfires.

The schemes include:

a new Melbourne Travel Voucher Scheme with 40,000 vouchers to support travel in greater Melbourne will launch soon
an expanded Regional Travel Voucher SchemeExternal link (opens in same window) with an additional 10,000 vouchers to support travel in regional Victoria

This brings to 200,000 the total number of vouchers offered under the travel voucher schemes.

Timing

Applications close 3 June 2021.

More Information

Source

Media Release

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.

Victorians and Victorian businesses are doing the hard thing, but the right thing – keeping their doors shut to keep all of us safe. That’s why we are announcing 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.

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