Funding to help NSW small businesses, sole traders and not-for-profits survive the impact of the Omicron wave

This program provides funding to NSW small businesses, sole traders and not-for-profits to help them survive the impact of the Omicron wave.

Overview

The program provides cash flow support to help eligible businesses survive the impacts of COVID-19 and maintain their NSW employee headcount.

Eligible businesses will receive one payment covering the 4-week period of February 2022. Businesses will not receive payment for January 2022.

If you’re an employing business, the payment will be equivalent to 20% of weekly payroll for work performed in NSW:

• minimum payment will be $750 per week
• maximum payment will be $5,000 per week.

If you’re a non-employing business, such as a sole trader, you may be eligible to receive a payment of $500 per week

Eligible businesses can use funds to cover business costs incurred due to the impacts of the Omicron strain of COVID-19 in NSW. These costs may include:

• salaries and wages
• utilities and rent
• financial, legal or other advice
• marketing and communications
• perishable goods
• other business costs.

What are the eligibility criteria?

To be eligible, businesses and not-for-profits must:

• have an active Australian business number (ABN)
• have been operating in NSW on 1 January 2021
• have had an aggregated annual turnover between $75,000 and $50 million (inclusive) for the year ended 30 June 2021 or 30 June 2020
• have experienced a decline in turnover of 40% or more due to the impacts of COVID-19
• for employing businesses, maintain your employee headcount from 30 January to 28 February
• for non-employing businesses, such as sole traders, show that the business is the primary income source (50% or more of the total income) for the associated person. If you have more than one non-employing business, you can only claim payments for one business.

How do you apply?

Find out more about eligibility and how to apply at The 2022 Small Business Support Program.