Small businesses affected by the bushfires can now apply for a suite of financial assistance packages thanks to the NSW and Commonwealth Governments.
The financial support includes grants of up to $50,000 for small businesses directly affected by bushfire, up to $250,000 to Local Government Areas, a Bushfire Working Capital Loan of up to $50,000 and low interest loans of up to $500,000 to eligible small businesses, primary producers and not-for-profits in bushfire impacted council areas.
- Grants of up to $50,000 are available for eligible small businesses and non-profit organisations with direct damage to their premises, equipment or stock from the bushfires and can help to pay for repairs, via Service NSW;
- Payments up to $250,000 to Local Government Areas impacted by bushfire for small scale local activities that will kick-start the social and economic recovery of their communities;
- Loans of up to $500,000 specifically designed to provide an immediate injection of money to help return and continue business operations by covering salaries or wages, rent, lease and rates, as well as purchase of goods and services, via NSW Rural Assistance Authority.
Councils will be offered payments of a minimum $100,000 and up to $250,000 for small scale local activities that will kick-start the social and economic recovery of their communities. This quick and flexible funding will be made available to eligible councils from early February 2020
For further information and details on eligibility requirements please see the attached Joint Media Release from the Federal and NSW Governments.
