A new support package from the NSW Government will keep the doors of many small and medium-sized businesses open, according to the state’s peak business organisation, Business NSW.
The package - announced this week in the wake of the Omicron surge – is for businesses with turnover of between $75,000 and $50 million and includes:
- A payment of up to $5000 per week (20% of payroll) for businesses with turnover between $75,000 and $50 million who suffered a 40% downturn in January and project to do the same in February.
- The Small Business Fees and Charges rebate program extended to $3000, and can include 50% of the costs incurred to acquire RAT’s for the workplace.
- Commercial landlord relief extended until 13 March.
The package took effect on February 1, meaning businesses which meet the threshold will not receive relief for losses during January.
“Business has been crying out for support because of the dramatic impacts that Omicron has had on their operations, especially in what many hoped would be their busiest time,” said Business NSW CEO Daniel Hunter. “Our most recent Business Conditions Survey published earlier this month found 40% of businesses had cashflow to last them for the next three months, so this relief will be widely embraced by the business community across NSW.
“What’s crucial now is that customers have the confidence to return to businesses and do their shopping in a safe manner. Businesses are doing the right thing in ensuring their staff are healthy before commencing shifts – together the economy can roar back into life if we abide by the rules and return to our favourite businesses.”
