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Small Business Continuity Grant Program TAS


The Business Continuity Program provides small businesses with funding to help them access professional, qualified advice on business continuity planning.

Open
Close date: 02 Oct 2020 12:00 PM AEST.

What do you get?

Funding of up to $750.

Who is this for?

Tasmanian small businesses.

Overview

Funding is available to help small businesses access the services of a suitably qualified person to advise on business continuity planning to help them prepare for a rapid recovery when the coronavirus situation eases.

Funding may be used to access:

  • financial advice (financial planning, credit advice) typically requiring the provider to hold an Australian Financial Services Licence, or Australian Credit Licence
  • specialist accounting, legal and business planning advice about cash-flow, risk management, diversifying/pivoting the business, value-adding to products and services

What are the eligibility criteria?

To be eligible, you must:

  • have an Australian business number (ABN) which must have been active on or before 29 February 2020 and continues to be active
  • have employed fewer than 20 full time equivalent staff (FTEs) at 29 February 2020
  • have a total payroll less than $1.25 million for the 2018-19 financial year (ie not incurring payroll tax)
  • have demonstrated an annual turnover of more than $50,000 (excluding GST) for 2018-19 or 2019-20 financial year OR for recently established businesses, estimate that annual turnover will exceed $50,000 (excluding GST) in the 2020-21 financial year
  • operate in Tasmania with business owners that reside in Tasmania

Please note that businesses who have received a grant under Round 1 of this program are ineligible to apply again.

How do you apply?

You can find out more about eligibility and how to apply at Business Continuity Program.