Adams Accounting Blog

  • Victorian Government Business Support Fund

    The Victorian Government has recently announced further financial support for small businesses operating in Victoria that employ staff.

    Funding of $10,000 per business is available and will be allocated through a grant process.
    Applications open on Monday 30 March 2020 and close on Monday 1 June 2020.

    Eligibility - the business needs to:
    • employ staff
    • have been subject to closure or are highly impacted by Victoria’s shutdown restrictions announced to date
    • have a turnover of more than $75,000
    • have payroll of less than $650,000
    • hold an Australian Business Number (ABN) and held that ABN at 16 March 2020
    • have been engaged in carrying out the operation of the business in Victoria on 16 March 2020.
    What the grant funding could be used for:
    • meeting business costs, including utilities, salaries, rent
    • seeking financial, legal or other advice to support business continuity planning
    • developing the business through marketing and communications activities
    • other supporting activities related to the operation of the business

    How to Apply:
    An online application can be completed through

    Applicants are required to provide a copy of their most recent Business Activity Statement (BAS). Other supporting materials can also be provided.

    *Businesses who do not employ staff can seek support through the Commonwealth Government’s Job Seeker program.


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