SUPPORT AVAILABLE FOR YOUR LOCAL BUSINESS
I know the next few weeks and months are going to be tough for our local Prahran businesses and there’s a lot of information to sift through about the options available to you.
We’ve put together a list of local, state and federal government opportunities available to you if your business is struggling with the effects of the lockdown.
On a personal note, I want to thank local business owners and staff for your resilience through this tough time. We will continue to support you so you can keep employing locals in retail, hospitality and services.
If you need any assistance navigating your way around any of these support measures please don't hesitate to contact me: HERE
Victorian Government assistance for businesses
A dedicated Industry Coordination Centre has been set up within the Department of Jobs, Precincts and Regions to support businesses and consider ‘grey area’ cases to determine if businesses can safely operate under Stage 4 restrictions. To discuss your business please call the Business Victoria hotline on 13 22 15.
Check for updates here.
Business Victoria hotline - 13 22 15
Support and financial assistance finder
This finder will ask you a series of questions to help you find the assistance available to you based on your circumstances.
Business Support Fund
Businesses within metropolitan Melbourne and Mitchell Shire that are affected by the return to Stay at Home restrictions may be eligible for a one-off, $5,000 grant under the Business Support Fund.
Victorian Business Growth Fund for small and medium enterprises (VBGF)
The $250 million VBGF is now open to support long‑term growth opportunities for businesses and boost employment and economic development across the State.
Liquor licence fees waived
Renewable liquor licence fees for 2020 will be waived. Businesses who have already paid will be reimbursed. More information.
Creative Industries support
Summary of Victorian Government recovery packages in creative industries can be found here.
Live Music Venues Program
Information about support for live music venue operators can be found here.
Experience Economy Survival Package
Support to sporting clubs, tourist attractions, galleries and museums. More information.
Night-time Economy Business Support Initiative: support for pubs, clubs and restaurants
$40 million from the Business Support Fund will be made available to provide rent relief for licenced venues. Register your interest.
Tourism Accommodation Support Program
Direct financial support of $225 per booking per night to support tourism operators affected by temporary coronavirus (COVID-19) lockdowns. More information.
Free Clinics and Low-cost mentoring through Business Victoria
Book a 45min clinic or low-cost appointment with a mentor to help you work through or develop a recovery plan.
Small Business Victoria Workshops
All Small Business Victoria workshops are specifically designed for Victorian-based businesses and are currently being delivered for free online via Zoom.
Postcode Local Lockdowns Business Support Program
$5,000 grant to help businesses through temporary, localised coronavirus (COVID-19) lockdowns. Information here.
Payroll Tax Refund
Businesses with annual taxable wages up to $3 million will have their payroll tax for the 2019-20 financial year waived. These businesses can also defer paying payroll tax for the first quarter of the 2020-21 financial year. More information.
Commercial tenancies relief scheme
To alleviate the financial hardship faced by tenants and landlords as a result of COVID-19. More information.
Rent relief for commercial tenants in government buildings
The Victorian Government will work directly with commercial tenants in government buildings who can apply for rent relief. Private landlords are also being encouraged to provide rent relief or holidays to help businesses.
Land tax relief
Landowners who have at least one non-residential property and total taxable landholdings below $1 million have the option of deferring their 2020 land tax payment until after 31 December 2020. Landlords who provide tenants impacted by COVID-19 with rent relief may be eligible for a 25 per cent reduction on the property’s 2020 land tax. More information.
Upskill My Business
Range of online resources and courses provided to help you manage the challenges your business is facing. Read More.
Stonnington City Council support for local businesses
Or you can visit the Business Concierge Service online
Dedicated Business Resources web page with links to COVID-19 related information and assistance packages.
Dedicated Food Business web page for information about measures to prevent the spread of COVID-19.
- Strengthening our Business Concierge Service.
A summary of Council's support measures for local small businesses can be found here.
Federal Government assistance for businesses
Federal Arts Package
A range of grants and support programs available to the arts sector, detailed here.
Under the JobKeeper program, businesses will be able to access a wages subsidy to continue paying their employees. There have been recently announced changes to the JobKeeper package that has extended the program but also reduced the subsidy after September 2020: More information.
Boosting cash flow for employers
Up to $100,000 will be available for eligible small and medium-sized businesses (SMEs) and not-for-profits (NFPs) that employ people, with a minimum payment of $20,000. More information.
Temporary relief for financially distressed businesses
The Commonwealth Government is temporarily increasing the threshold at which creditors can issue a statutory demand on a company. The Australian Taxation Office (ATO) will tailor solutions for owners or directors of business that are currently struggling due to coronavirus. More information.
Supporting the flow of credit - Small/Medium Enterprise Guarantee Scheme
SMEs with a turnover of up to $50 million will be eligible to receive a guarantee of 50 per cent to SME lenders to support new short-term unsecured loans to be used for working capital. More information.
Increasing the instant asset write-off
The instant asset write-off (IAWO)threshold has been increased from $30,000 to $150,000 and expanded access to include businesses with an aggregated annual turnover of less than $500 million (up from $50 million) until 30 June 2020. More information.
Backing Business Investment (BBI)
BBI is a time-limited 15-month investment incentive (through to 30 June 2021) to support business investment and economic growth over the short term by accelerating depreciation deductions. More information.
Supporting apprentices and trainees
Eligible employers can apply for a wage subsidy of 50 per cent of the apprentice’s or trainee’s wage for 9 months from 1 January 2020 to 30 September 2020. More information.
Assistance for affected regions, communities and industries
The Commonwealth Government is providing $1 billion to support regions, communities and industries most significantly affected by the coronavirus outbreak (tourism, aviation and transport, agriculture and fisheries, education, the arts) More information.
Business and Precinct Associations
Several business associations operate within the state district of Prahran, to actively market and promote their vibrant retail precincts.
Membership is free to businesses located within the respective retail precinct.
Chapel Street Precinct Association
Support Local Chapel Street blog: https://chapelstreet.com.au/lemonade/
Executive Chairperson/President - Justin O'Donnell
General Manager - Chrissie Maus GAICD
Contact phone 0408 090 392 (Chrissie)
Email [email protected]
Toorak Road South Yarra Business Association
Toorak Road business blog: https://www.toorakroadsouthyarra.com.au/blog.html
President - Ian Sharp
Coordinator - Ruth Speedy
Contact phone - 0402 114 222
Email - [email protected]
Web - toorakroadsouthyarra.com.au
Toorak Village Traders Association
Toorak Village Businesses: https://www.toorakvillage.com.au/directory
President - Tony Fialides
Coordinator - Tracey Cammock
Contact phone - 0455 045 545
Email - [email protected]
Web - toorakvillage.com.au
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