We are doing everything in our power to help our local businesses get through the greatest economic challenge of our time.
The first major tranche of $10,000 emergency cash grants are being deposited into the bank accouts of more than 1,000 small businesses and not-for-profits.
Local restaurants, cafes, gyms and fitness studios, beauty salons, homewares stores, hairdressers and dentists across our community are among those to benefit from the financial relief, having either suffered a significant loss of income or been forced to close as a result of COVID-19 and the necessary restrictions to help limit its spread.
These grants will go some way to helping them cover their ongoing or outstanding operating costs, such as rent, power bills, supplier and raw materials costs and other fees.
We are doing everything in our power to help businesses get through what is the greatest economic challenge of our time.
There has been an overwhelming response to the cash grants – funded from the State Government’s $650m Jobs Rescue Package. So far, 5,759 South Australian businesses and not-for-profits have formally applied, having gathered the necessary documentation for consideration by Treasury (such as confirmed eligibility for the Federal Government’s JobKeeper program).
Approximately 21,000 businesses and not-for-profits across SA initially registered their interest in the program. It’s estimated approximately 19,000 businesses will be assisted under the grants scheme at a total cost of approximately $190m.
The SA grants apply to those businesses with a payroll of less than $1.5m, and not entitled to a payroll tax waiver under COVID-19 support measures already introduced by the State Government (for businesses with payrolls of up to $4m). Eligible businesses must employ people in SA and have a turnover of more than $75,000.
For more information, and to register your interest, businesses are urged to visit www.treasury.sa.gov.au/Growing-South-Australia/COVID-19
Applications for the grant will be available until June 1, 2020.