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NSW and Penrith governments offer COVID support for businesses

There’s no doubt that the current lockdown in Sydney is proving to be a tough one for many businesses, but some may be able to get relief from new support being offered by our state and local governments. 

The NSW Government is offering up a major new grants package along with changes to the Dine and Discover program with the aim of helping small businesses in the state that have been impacted by current COVID-19 restrictions.

The package will include grants of between $5000 and $10,000 for small businesses, along with payroll tax deferrals for all employers. The grants can be used for business expenses such as rent, utilities and wages.

Different grant amounts will be available depending on the decline in turnover experienced during the restrictions – $10,000 for a 70 per cent decline, $7000 for a 50 per cent decline and $5000 for a 30 per cent decline.

The payments will be made available by July 19.

In addition to the grants package there will be an extension of the Dine & Discover program to 31 August, and the ability for people to use Dine & Discover vouchers for takeaway delivered directly to their home by the venue itself.

Further information on the COVID-19 support grants – 

The grants will be divided into two streams:

1. Small Business COVID-19 Support Grant. Available to businesses and sole traders with a turnover of more than $75,000 per annum but below the NSW Government 2020 21 payroll tax threshold of $1,200,000 as at 1 July 2020.

These businesses must have fewer than 20 full time equivalent employees and an Australian Business Number (ABN) registered in New South Wales or be able to demonstrate they are physically located and primarily operating in New South Wales. 

Full criteria will be available in coming days on the Service NSW website.

2. Hospitality and Tourism COVID-19 Support Grant. Available to tourism or hospitality businesses that have a turnover of more than $75,000 and an annual Australian wages bill of below $10 million, as at 1 July 2020.

These businesses must have an Australian Business Number (ABN) registered in New South Wales or be able to demonstrate they are physically located and primarily operating in New South Wales. 

Full criteria will be available in coming days on the Service NSW website.

Business support from Penrith Council 

Penrith City Council will also be stepping in to provide some financial relief for cafes and restaurants in the Penrith and St Marys CBD’s.

According to Penrith Mayor Karen McKeown OAM, Penrith Council will be waiving footpath dining fees for the next four weeks for cafes and restaurants that can now only provide take-away services.

“The hospitality sector feels the impact of the stay at home orders far more than most, as the community is instructed to not leave their homes except for essential shopping.

“These businesses are a vital part of our local economy and are collectively a big employer within our community.

“Council is unwavering in its support for local business as we look to ease the burden brought on by the restrictions,” Cr McKeown said.

For further information contact Penrith City Council.

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