Closed

Funding for WA small to medium businesses impacted by COVID-19

Tender ID: 490611


Tender Details

Tender #:
-  
Status:
Closed
Publish Date:
9 April 2022
Closing Date:
30 June 2022

Tender Description

This program provides funding to Western Australian small and medium businesses that have experienced a significant reduction in revenue due to COVID-19.

Overview

Funding is available to businesses that have experienced a 50% or more reduction in turnover in any 2-week period between 1 January 2022 and 30 April 2022, compared to an equivalent period in 2021.

Eligible applicants will receive a tiered grant payment, dependent on the number of full time equivalent (FTE) employees of the business. For the purpose of this calculation, the business owner is excluded from the FTE calculation.

The following grant tiers are available:

  • sole traders (non employing businesses) – $3,000
  • micro businesses (business owner, plus 1 to 5 employees) – $7,500
  • small businesses (business owner, plus 6 to 19 employees) – $20,000
  • medium businesses (business owner, plus 20 or more employees) – $50,000.

What are the eligibility criteria?

To be eligible, applicants must:

  • verify their identity using MyGovID- external site
  • be trading in Western Australia
  • have a valid and active Australian business number (ABN)
  • have an annual turnover of more than $50,000, excluding GST
  • have an Australia-wide payroll of less than $4 million
  • be able to demonstrate at least a 50% reduction in turnover for a consecutive 2-week period between 1 January and 30 April 2022, compared to an equivalent period in the previous year
  • be able to provide evidence of the number of employees and specified financial information
  • provide an unredacted PDF copy of their business bank statement showing 2022 transactions, a BSB, an account number and the business name associated with the application.

How do you apply?

Find out more about eligibility and how to apply at Small Business Hardship Grants- external site.

 

Contact information

13 31 40


Location

Western Australia   :   Gascoyne   :   Goldfields/Esperance   :   Great Southern   :   Kimberley   :   Mid West   :   Peel   :   Perth Metropolitan   :   Pilbara   :   South West   :   Wheatbelt  

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