If you have a small business in NSW and it’s experiencing disruptions, as a result of the global pandemic, you may qualify to receive a business recovery grant for the NSW Government.
The restrictions on movement and doing business, which were imposed by the government to prevent COVID-19 infections have impacted business right across the country. With restrictions now easing in NSW, this means that you can re-open and improve your operations. The business grant will help you get back to business quickly. The grant will allow you to meet the costs of expenses, such as the following:
- Setting up a new website or rebuilding your existing site to adapt to today’s needs
- Marketing and advertising,
- Digital platforms like Social Media, Google Ads or SEO.
- Other requirements as listed in the grant.
Maybe you’re thinking of using digital marketing/advertising or marketing to grow your business, but you’re a bit worried about your budget. This is where Add Nett can help with formulating a budget and plan to help with your application for the grant. The COVID-19 pandemic might have depleted your resources because of the lockdown, so applying for this business grant might be just what you need to get back on track.
For example, you can also invest in your web design, which is the center of all your marketing efforts. You should have a website that is visual appealing, clean, easy to navigate and full of interesting, useful, and up to date content. Placing the monies from the business grant into hiring an agency like Add Nett will give you a modern and attention-grabbing website and will be money well spent.
The business grant is offered across NSW and can be used only for purchases incurred; from July 1, 2020, and only where no other government support is available.
Requirements for eligibility are as follows:
- You should be operating a small business or a non-business entity, based in NSW.
- You should have an eleven-digit ABN (Australian Business Number), issued by the Australian Business Register. This number will be used to determine your eligibility.
- Your annual turnover should be more than $75,000 as evidenced by your Business Activity Statement. If the BAS is not available, the income tax declaration may be acceptable.
- You should have between 1 and 19 employees, referred to as Full Time Equivalent staff.
- Your 2019-2020 tax threshold should be less than $900,000.
- Your business should be highly impacted by the COVID 19 pandemic. With at least a 30% reduction in turnover
Eligible small businesses, not-for-profits, and other business types that have fewer than 20 Full Time Equivalent (FTE) staff (including non-employing businesses, such as sole traders) as at 1 March 2020 can apply for recovery grants of $500 to $3000.
This grant helps small businesses get back to business by meeting the costs of safely reopening or upscaling operations, for example:
Check eligibility and apply online at Service NSW before 11:59pm AEST on Sunday, 16 August 2020.