Sydney is not just the capital but also the commercial and financial hub of New South Wales. Small businesses in the city have been badly impacted by the shutdowns and restrictions imposed by the government to slow down the spread of Coronavirus. NSW government has announced many grants to help these businesses survive and grow in the face of hardships caused by Covid-19 pandemic.
Retail Innovation Program
Third year of Retail Innovation Program is currently open. It gives a wonderful opportunity for businesses in retail and hospitality industry to learn about new innovations and the latest trends from the experts and entrepreneurs. Eligible businesses in this scheme get mentoring and coaching in addition to tools for marketing and planning to take their businesses to a new level.
Eligibility requirements
- Businesses operating in Sydney and involved with fashion, food and beverage, furnishing, household items, or services can apply for assistance under this scheme.
- You must be passionate about growth of your business
- The focus should be on the future of your industry
Remember that the last date to apply for retail innovation program is 30 October 2020.
Quick Response Grants
Quick Response Grants is a part of the community support and funding of the council of City of Sydney. There are two categories under this program:
Event representation and emergency support
Up to $500 per individual and up to $2,000 per team would be given for event representation.
To be eligible for this grant, the individual or the organization must be operating within city of Sydney. Otherwise, they must be able to demonstrate the benefit of representation for the local area.
Strategic Priorities
Under this category, funding of up to $2,000 is available to eligible individuals. This money is given to applicants who can generate new and creative ideas in the form of matched funding to cover the expenses of a cultural or environmental project.
Quick Response Grants are ongoing grants that are available round the year. Eligible candidates and business owners can apply for these grants any time of the year.
Southern border small business support grant
Has your small business been impacted badly by the closure of the border between NSW and Victoria on account of Covid-19 pandemic? If yes, then you may be eligible for a grant of up to $10,000 to face the problem of cash flow in your business. This grant can be used to meet the expenses on rent and utilities. Applications for this grant will be closed after 31 October 2020.
Eligibility requirements
- Your business must have an ABN
- It must have an annual turnover of more than $75,000
- Your business must have fewer than 20 employees as on 8th July 2020
- The turnover of your business must have declined by at least 75% between 30 March and 7 July 2020.
Please feel free to contact any of our advisors on the number mentioned for help and support in applying for any of these grants.
