Small Business Hardship Grants Program

What is the Small Business Hardship Grants Program?

The Level 2 COVID-19 Business Assistance Package – Small Business Hardship Grants Program is designed to provide financial support for businesses most impacted by Level 2 public health and social measures that came into effect on 3 March 2022.

 

Background

Grants will be available to businesses that experienced a decline in business turnover of 50 per cent or more for a consecutive two-week period between 1 January and 30 April 2022.

During the reference period, there were increased cases of COVID-19 in the Western Australian community that may have impacted businesses. In addition, in response to increasing Omicron COVID-19 community cases, Level 2 public health and social measures were in place from 12:01am 3 March 2022. Measures included mandatory wearing of masks in public indoor areas, and density and capacity limits at businesses. The reference period recognises the impact of reduced turnover during this period on small businesses.

 

Funding

Eligible applicants will receive a tiered grant payment, dependant on the number of Full Time Equivalent (FTE) employees of the business. For the purpose of this calculation, the business owner is excluded from the FTE calculation.

The following grant tiers are available:

  • Non-employing businesses (business owner – no additional employees) – $3,000
  • Micro businesses (business owner, plus one to five employees) – $7,500
  • Small Businesses (business owner, plus six to 19 employees) – $20,000
  • Medium Businesses (business owner, plus 20 or more employees) – $50,000

The grant is intended to help offset the losses incurred by your business due to reduction in turnover related to increasing community cases of COVID-19 and the implementation of
Level 2 Public Health and Social Measures Directions, however there is no specific guidance as to how you may use the money.

 

Eligibility

To be eligible for the Small Business Hardship Grants Program, the applicant must meet all criteria listed below:

  1. Verify their identity using MyGovID.
  2. Hold a valid and active ABN for the period covered by their application.
  3. Be currently trading in Western Australia and:
    1. Have an annual turnover of more than $50,000, excluding GST.
    2. Have an Australia-wide annual payroll of less than $4 million.
  4. Demonstrate a reduction in turnover of at least 50 per cent for a consecutive two week period between 1 January and 30 April 2022, compared to an equivalent period in the previous year
    1. An alternative period in the previous year may be used for comparison if the businesses did not operate in the equivalent period or comparison with the equivalent period provides an inaccurate financial representation of the business.
  5. Provide evidence of the number of FTE or equivalent employees of their business.
  6. Provide an unredacted PDF copy of their business bank statement showing 2022 transactions, a BSB, an account number and the business name associated with the application.
  7. Agree to the program’s Terms and Conditions.

 

Timing

Applications close 30 June 2022.

 

More Information

 

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