NSW Small Business Grant

Last updated 7th April 2020

The NSW Government will allow eligible small businesses to apply for grants of up to $10,000 to help them through these uncertain economic times.

What is available

The NSW small business COVID-19 support grant of up to $10,000 is available to eligible NSW small business owners. Businesses have until 1st June 2020 to apply for the grant.

Eligibility Criteria

To be eligible, businesses will need to;

  • Have between 1-19 employees and a turnover of more than $75,000
  • Report a payroll below the 2019/20 payroll tax threshold of $900,000
  • Have an Australian Business Number as at 1st March 2020
  • Be based in NSW, employ staff as at 1st March 2020, be highly impacted by the COVID-19 Public Health Order 2020 issued on 31st March 2020
  • Have experienced at least a 75% decline in turnover compared to the same two-week period in 2019 as a result of COVID-19

Highly Impacted Industries

This small business grant is aimed at helping businesses in highly impacted industries that have been subject to closure or are highly impacted by NSW Government health directions in relation to COVID-19 and include:

  • Retail trade
  • Hospitality, accommodation and food services
  • Rental, hiring and real estate services
  • Administrative and support services
  • Arts and recreation services

Please find more information on these impacted industries at the NSW Service website.

Businesses which are not in the highly impacted industries, but can demonstrate significant disruption resulting in turnover reduction of 75% due to the Public Health Order 2020, may be eligible for this grant and will require a letter from their accountant confirming that the criteria has been met.

How to apply

Eligible businesses may apply for the NSW small business COVID-19 support grant through the Service NSW website and will require the following to apply:

  • MyServiceNSW Account
  • Proof of identity
  • Valid ABN/ACN number
  • Latest Business Activity Statement (BAS)

In addition, applicants will need to provide a declaration that they meet the eligibility criteria, including at least 75% decline turnover compared to the same 2-week period in 2019.

Read more from NSW Government website

Refer to ABJ Solutions Blog