$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 government’s plan to ease lockdown restrictions. It focuses 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.
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.
Below are some articles that may interest you:
- VIC’s Restricted Postcode Business Support Program
- Paid Pandemic Leave for Victorians
- JobKeeper Package Update: How to Apply
- Government Stimulus Package for Business
- Australian Tax Office Relief
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