Central Coast small businesses impacted by COVID-19 now have more time to apply for the NSW Government’s highly popular $10,000 small business grants.
Parliamentary Secretary for the Central Coast and Member for Terrigal, Adam Crouch, said the June 1 cut-off date for applications has been extended to June 30.
“On the Central Coast alone there have been 1,429 applications received from local business own-ers,” Crouch said.
“This $10,000 grant is all about keeping people in jobs and businesses in business as we pivot from a health response to economic recovery.
“It can be used to cover bills like utilities, council rates, telecommunications bills, insurance pay-ments, wages and more.”
Member of the Legislative Council Taylor Martin said the NSW Government was making $10,000 grants available to more businesses.
“The criteria for funding have been extended to include microbreweries, cellar doors and events and commercial vessel businesses,” Martin said.
“This means there are dozens more local businesses on the Central Coast who can apply now for $10,000.
“This is part of the biggest small business support package in NSW history, with a total of $9.4B in financial support available to businesses from the NSW Government.”
Several businesses however, have indicated they were ineligible for the Grant because, although they had suffered a major loss of revenue, the magnitude was less the 75% threshold for the grant.
Others were concerned the costs of applying for, administering and accounting for the grant, in-cluding senior management time, meant any economic benefit was marginal.
Criteria for the Small Business Support Fund grants and an online application form is available at: www.service.nsw.gov.au/transaction/apply-small-business-covid-19-support-grant.
Media release, Jun 3
Parliamentary Secretary for the Central Coast and Member for Terrigal, Adam Crouch