Last updated 25/08/20
We know it's a tough time for our local Melbourne 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 from the effects of the lockdown.
Melbourne City Council assistance for businesses
Check for updates here.
- Small business transformation grants (applications close 3 September)
- One-on-one advice and support through Council's expanded COVID-19 Business Concierge Hotline (9658 9658 —press 1 for business) or anytime online.
- Providing rent relief for tenants in Council-owned and managed buildings
- Suspending fees for street trading permits for three months
- Reduced registration fee for food businesses
- A new Rates Financial Hardship Policy
- A new General Financial Hardship Policy
- Free cleaning and sanitising of high-touch areas for retail traders.
Victorian Government assistance for businesses
Check for updates here.
Business Victoria Hotline 13 22 15
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.
CBD Business Support Fund
$20 million CBD Business Support Fund to help small businesses in Melbourne’s CBD faced with a large and sustained shock to their trading environments.
Support for Victorian hospitality businesses
Assistance available to help Victorian hospitality businesses impacted by coronavirus (COVID-19) business restrictions. Find out more.
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.
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
$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.
Mental health and wellbeing support for Victorian small businesses
$26 million in funding for Victorians dealing with the challenges of running a small business to get the mental health support they need. Find out more.
Upskill My Business
Range of online resources and courses provided to help you manage the challenges your business is facing. Read More.
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.
Federal Government assistance for businesses
Under the JobKeeper program, businesses will be able to access a wages subsidy to continue paying their employees: a fortnightly payment of $1,500 per eligible employee from 30 March 2020, for a maximum of six months. 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.
Collection of resources about support and advice for businesses affected by COVID-19
Deferred loan repayments
The banks have indicated they will defer loan repayments for small businesses affected by COVID-19 for six months. See more here.