The Victorian Government has announced a $196.6 million package of cash grants for thousands of construction industry operators as the industry prepares to reopen this week.
The new support package will provide a one-off payment to eligible businesses, including sole traders, covering the restrictions period from 21 September to 4 October.
More than 70,000 construction businesses in Melbourne, the City of Greater Geelong, Surf Coast Shire and Mitchell Shire could be eligible for Business Costs Assistance Program Round Four – Construction grants.
Eligible non-employing sole trader businesses will receive a one-off payment of $2,000, increasing to $2,800 for businesses with an annual payroll of up to $650,000, $5,600 for a payroll of $650,000 to $3 million and $8,400 for a payroll of $3 million-$10 million.
Applications for Business Costs Assistance Program Round Four – Construction support will open in mid-October. To be eligible, businesses must be registered under a relevant construction-sector ANZSIC codes, have a Victorian payroll of less than $10 million a year, have incurred direct costs due to restrictions, and be registered for GST.
Businesses must have not previously received support under the Business Cost Assistance Program or the Small Business Covid Hardship Fund. Guidelines will be published at business.vic.gov.au this week.
Should you have any questions or need any help to ensure you receive all available assistance, please reach out to our team at Rose Partners and we will do our best to assist.
The Team at Rose Partners