Assistance available for Victorian Hospitality Businesses Impacted by COVID-19 restrictionsThe Victorian Government has recently announced three distinct grant assistance programs for Victorian hospitality businesses impacted by the restrictions implemented to help slow the spread of COVID-19.
We will discuss each program below, and note that all three programs are now open to take grant applications.
|
1 - The (Melbourne) CBD Small Hospitality GrantThe CBD Small Hospitality Grant provides additional support to small and medium hospitality businesses in Melbourne CBD that have previously received a grant from the Business Support Fund – Expansion Program (and we have explained this program in a previous Tax Alert ).
Eligible businesses will be provided with a one-off grant , to help with the continued operation of their business, of either:
What are the eligibility requirements for this grant? To be eligible for a one-off grant under this program, businesses must:
How can the funding be used? The grant funds may be used for:
What evidence will you need to provide with an application? All applicants will be required to provide:
This information will be verified against the Certificate(s) of Registration and other information held by the City of Melbourne.
How do you apply? Recipients of Business Support Fund - Expansion Program grants will be invited to apply and, when they are, will be required to submit an application online via the Apply Now button - click here. All questions in the application need to be completed to ensure timely assessment and grant payment. |
2 - The Hospitality Business GrantThe Hospitality Business Grant program supports food service businesses that have been affected by the return to Stage 3 and Stage 4 restrictions to help slow the spread of COVID-19 in Victoria.
Eligible food service businesses may be able to access this grant and the amount available is determined using a three-tier regime , as follows:
What are the eligibility requirements for this grant? To be eligible for this grant, your business must satisfy all of the following conditions, including:
We must note businesses that have received funding under the Victorian Live Music Venues Program (explained below) and/or the Business Support Fund - Expansion Program (explained in a previous Tax Alert ) are not eligible for funding through this program.
What evidence will you need to provide with an application? You must provide evidence to certify that you meet all the eligibility criteria detailed above. For businesses with more than one venue, you are required to provide evidence confirming the following details:
How can the funding be used? The grant funds may be used for:
How do you apply? Applicants are required to submit an application online via the Apply Now button – click here All questions in the application need to be completed to ensure timely assessment and grant payment. We understand that the Department of Jobs, Precincts and Regions will endeavour to notify all applicants on the outcome of their submitted application within 10 business days. |
3 - The Night-time Economy Business Support InitiativeThis program/initiative is structured differently to the previous two grant programs (explained above), as the Night-time Business Economy Support Initiative will provide commercial rental relief for licensed businesses impacted by the COVID-19 pandemic who were unable to access relief under the Commercial Tenancies Relief Scheme . The support under this initiative is made available through the Victorian Government's Business Support Fund , and is available to licensed venues across Victoria with an annual turnover of up to $50 million that operate as part of a group. This initiative will also provide access to free mediation services to help eligible tenant businesses reach agreements with their landlords on rent relief during the COVID-19 pandemic.
What support is available? This initiative provides eligible businesses with the following three elements of support, including:
Applications will be accepted until 1 June 2020 or until available funding has been committed.
What are the eligibility requirements for this initiative?
To be eligible for support under the Night-time Economy Business Support Initiative applicants must satisfy all of the following conditions, including:
We understand that businesses that are not registered in Victoria but operate more than one premises in Victoria may also apply for support, but these applications will be reviewed on a case-by-case basis.
What specialist business and tenancy advice expenses can be claimed? The types of specialist business and tenancy advice that can be claimed as expenses under this initiative are:
How can the commercial rent relief funding be used? The commercial rent relief funding is to be used for meeting lease-related business costs, including rent, utilities, outgoings and other property-related expenses.
Evidence of eligibility and compliance All applicants must certify in writing that they meet the eligibility criteria above. Applicants may be subject to an audit review, for a period of four years after funding has been approved, by the Victorian Government (or its representatives) and you may be required to produce evidence, such as financial reports to demonstrate impact and/or allocation and use of funds.
If any information in the application is found to be false or misleading, or the grant money is not applied for the eligible purposes as set out in this initiative, the grant will be repayable on demand.
What is the application process? This initiative has a distinct two-step application process:
You will need to provide all of the following with your application:
|
|
Privacy Policy | Disclaimer | Site Map
Liability limited by a scheme approved under Professional Standards Legislation