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September 14, 2020

$100m Support Stimulus for VIC Sole Traders Announced

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Alf Couceiro
$100m Support Stimulus for VIC Sole Traders Announced

The Victorian Government has announced a $100 million support stimulus for sole traders, to aid in the recovery from COVID-19.

This aspect of the stimulus measures on offer for businesses, will target those likely to be negatively affected by Step 2 of the VIC governments plan to ease lockdown restrictions. It focusses on those who weren’t previously eligible for the Business Support Fund package.

There will be grants of $3,000 to support an estimated 33,000 sole traders across the state.

Business owners are expected to be from a range of industries such as accommodation, tourism, media and film production, gyms and more.

More information on the grants is expected to be released by the Victorian government soon.

For more information on the current Victorian restriction measures, click here.

How can we help?

At Modoras, we are committed to making sure you’re making the most of opportunities in the current economic climate. Contact us on 1300 888 803 or click here to book a catch up with a Modoras Professional.

As Government stimulus measures change, we are continually updating and creating new tools and information for you. To review the latest materials on COVID-19, please click here.

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IMPORTANT INFORMATION: This blog has been prepared by Modoras Accounting (VIC) Pty Ltd ACN 145 368 850. The information and opinions contained in this blog is general information only and is not intended to represent specific personal advice (Accounting, taxation, financial, insurance or credit). No individuals’ personal circumstances have been taken into consideration for the preparation of this material. The information and opinions herein do not constitute any recommendation to purchase, sell or hold any particular financial product. Modoras Accounting (VIC) Pty. Ltd. recommends that no financial product or financial service be acquired or disposed of or financial strategy adopted without you first obtaining professional personal financial advice suitable and appropriate to your own personal needs, objectives, goals and circumstances. Information, forecasts and opinions contained in this blog can change without notice. Modoras Accounting (VIC) Pty. Ltd. does not guarantee the accuracy of the information at any particular time. Although care has been exercised in compiling the information contained within, Modoras Accounting (VIC) Pty. Ltd. does not warrant that the articles within are free from errors, inaccuracies or omissions. To the extent permissible by law, neither Modoras Accounting (VIC) Pty. Ltd. nor its employees, representatives or agents (including associated and affiliated companies) accept liability for loss or damages incurred as a result of a person acting in reliance of this publication. Liability limited by a scheme approved under Professional Standards Legislation.

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