NEW Small Business COVID-19 Grant

The Palaszczuk Queensland Government has announced $100 million in grants and training.

On Tuesday 19 May the Palaszczuk Queensland Government announced that there would be grants of up to $10,000 available for small and micro business who have been severely impacted by COVID 19, including having their business closed or restricted as a result of the changes implemented on 23 March in QLD. The objective of this program is to support small businesses, assist in adapting, sustain operations, and build resilience.

To be eligible you must:

Have been subject to closure or otherwise highly impacted by current shutdown restrictions announced by Queensland's Chief Health Officer on 23rd of March, 2020.
Demonstrate that business revenue has been significantly impacted since 23 March 2020 over a minimum 1-month period due to the onset and management of COVID-19.
Employ staff and have fewer than 20 employees at the time of applying for the grant.
Have a valid Australian Business Number (ABN) active as at 23 March 2020.
Be registered for GST.
Have a Queensland headquarters.
Have an annual turnover of $75,000 for the last financial year.
Have a payroll of less than $1.3 million.
Not be insolvent or have owners/directors that are an undischarged bankrupt.

Only 1 application will be accepted from an individual ABN or a financial beneficiary of a business.

The Southern Gold Coast Chamber, along with other chambers across Queensland, lobbied for this grant, which is similar to one announced in NSW some time ago, with help from the CCIQ. We’re pleased to see this now in place with a $100 Million fund to back it. This will assist at least 10,000 small businesses in the State. So it won’t last long.

If your business needs this help you can get more information and apply here.