Supporting Businesses in Victoria
The impact of Coronavirus has been felt by many of our members, across the country. We encourage our members in Victoria to bookmark the Business Victoria coronavirus (COVID-19) business support webpage business.vic.gov.au/coronavirus for the latest information on the support available to businesses across Victoria.
The $534 million Business Support Package provides advice and support to help businesses and workers through our current circumstances and beyond to the other side of the coronavirus (COVID-19) pandemic.
This package includes: The expanded Business Support Fund providing more than 80,000 eligible businesses with a new $5,000 grant to support them through the renewed restrictions:
- The Business Support Fund – Expansion program providing $10,000 for employing businesses in metropolitan Melbourne and Mitchell Shire and $5,000 for employing businesses in regional Victoria (except Mitchell Shire.)
- A $10 million business mentoring program, pairing small business owners with experienced professionals who can help them navigate their way through the crisis.
- A $20 million fund to support small businesses in Melbourne’s CBD that are faced with a large and sustained shock to their trading environments
- Businesses will also benefit from an extended and expanded payroll tax deferral. Eligible businesses with payrolls up to $10 million.
Members can also access Business Victoria’s free mentoring program, which pairs business owners with someone who can help them adapt their current business strategy to survive the impacts of coronavirus (COVID-19).
Through Upskill My Business, business owners can gain practical skills from the state’s top education providers and industry experts to set you up for a strong recovery.