Micro-Business Grant 2021

Applications are now open for the Micro-Business Grant

The 2021 COVID-19 Micro-business Grant (‘the Grant’) is designed to provide cashflow support to micro–businesses with an aggregated annual turnover more than $30,000 and less than $75,000. The Grant will help micro-businesses survive the lockdown so they can continue to support the economy after restrictions are lifted.

The Grant will be available to micro-businesses in New South Wales impacted by the Public Health Order that meet the eligibility criteria outlined in the Service NSW Guidelines.

How much

  • Fortnightly payment of $1,500 to cover business expenses for the duration of the Greater Sydney lockdown

Eligibility

  • An active ABN with a business primarily operating in NSW as at 1 June 2021
  • Annual turnover between $30,000 and $75,000 for the year ended 30 June 2020
  • A revenue decline of 30% or more over a minimum 2-week period (commenced 26th June and due to end 30 July 2021), compared to the same period in 2019
  • Have business costs for which no other government support is available
  • Have not applied for either the 2021 COVID-19 business grant or the JobSaver payment
  • Maintain employee headcount as at 13 July 2021 (if you’re an employing business)
  • Have this business as your primary source of income if you’re an non-employing business such as a sole trader
  • The Grant will help eligible micro-businesses with costs incurred from 1 June 2021. These costs may include, but are not limited to, the following expenses:
    • Wages and salaries
    • Utilities and rent
    • Financial, legal or other advice
    • Marketing and communications
    • Perishable goods
    • Other business costs

The Detail

  • Once deemed eligible, businesses will receive automatic fortnightly payments. Businesses will not need to re-apply, but businesses with employees must notify Service NSW if they are not maintaining the number of employees they had on 13 July 2021
  • Payments will be made in arrears with the first payment backdated to 26 June 2021
  • Proof of decline in turnover needs to be ascertained by:
    • A letter from a qualified accountant, registered tax agent or registered BAS agent; or
    • Business bank account statement (separate from any personal accounts)
  • Businesses need to submit evidence of their annual turnover. This can be in the form of:
    • A letter from a qualified accountant, registered tax agent or registered BAS agent; or
    • Business bank account statement (separate from any personal accounts); or
    • Business Activity Statement (BAS); or
    • Australian income tax return (or Notice of Assessment)

 

Detailed guidelines can be found at Service NSW:

https://www.service.nsw.gov.au/2021-covid-19-micro-business-grant-guidelines

Applications are also now open for Jobsaver 2021. Click through for more information. 

 

Service NSW Useful Information and Links 

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