Acting Premier Update - Support Extended For Victorian Businesses

Support Extended For Victorian Businesses

Source: Victorian Government.

The Victorian Government will double existing support payments for businesses affected by the extension of the circuit-breaker restrictions.

Victorians are joining together and keeping their doors closed to safeguard the community and the economy in the long run – we appreciate the efforts and sacrifices being made across the state and recognise the real cost of this action for businesses.

Building on the $250.7 million support package announced last Sunday, a new allocation of up to $209.3 million will flow to small and medium-sized businesses, taking the total support package to $460 million.

Up to 90,000 businesses will benefit from the original support. About 70,000 of these businesses located in metropolitan Melbourne will be affected by the extension of restrictions beyond Thursday 3 June and will be eligible for the new support.

Business Costs Assistance Program grants of $2,500 for eligible businesses directly affected by the industry restrictions, including restaurants and cafes, event suppliers, accommodation providers and non-essential retailers, will be doubled to $5,000 for eligible businesses in metropolitan Melbourne. 

Regional businesses that are unable to open due to ongoing restrictions, such as nightclubs and amusement parks, will also be eligible for the extension payment. Metropolitan businesses that will have restrictions eased from Friday will not be eligible for the extension payment.

Licensed Hospitality Venue Fund grants of $3,500 for businesses holding an eligible liquor licence and food certificate will be doubled to $7,000 for eligible businesses in metropolitan Melbourne.

Applications are scheduled to open on Thursday 3 June 2021 – including for regional businesses applying under the original package – and will be open until 11.59pm on Thursday, 24 June 2021. Businesses will only need to fill one application.

Full media release…