Third Round of Business Support Fund Grants

The 3rd round of support for Victorian businesses has been announced. Applications open on Friday, here are the main takeaways –

The amount of grants available from this program range from $10,000 to $20,000 depending on the business’ annual payroll. To be eligible for a grant from this program, applicants must:
– operate a business located within Victoria; and
participate in the Commonwealth Government’s JobKeeper Payment scheme; and
– employ people and be registered with WorkSafe; and
have had an annual payroll of less than $10 million in 2019-20; and
– be registered for Goods and Services Tax (GST); and
hold an Australian Business Number (ABN); and
be registered with the responsible Federal or State regulator.

An eligible business will receive:
– $10,000 if its annual payroll is less than $650,000
– $15,000 if its annual payroll is between $650,000 and $3 million
– $20,000 if its payroll is between $3 million and $10 million.