Another round of targeted Small Business Lockdown Assistance Grants have been announced by the WA Government to assist small businesses who were impacted by the recent four-day lockdown (from 12.01am on Tuesday 29 June, until 12.01am on Tuesday 6 July) and interim restrictions.
What are the Lockdown Compensation Grants?
The Lockdown Compensation Grants are a WA government small business relief package. This is the second round of lockdown compensation grants, which offer assistance of up to $3,000 to small businesses who can demonstrate losses incurred for perishable goods, cancellations or other unforeseen costs as a result of the four-day lockdown and subsequent restrictions.
It is estimated that over 15,000 WA businesses are eligible for the grants which are intended to offset direct costs of the lockdown and business closure.
Eligibility Criteria
To be eligible for a lockdown compensation grant, your small business must meet the following criteria as per listed on the Small Business Development Corporation Website.
In short, to be eligible for this grant, you must be located within Western Australia, have an annual turnover of $75,000 or more and be registered for GST, have a valid and active ABN, have an Australia-wide payroll of less than $4 million in the 2019-20 financial year and be able to provide evidence that the primary business activity fits into one of the following Australian and New Zealand Standard Industrial Classification (ANZSIC) system categories:
Regional Western Australia (outside Perth, Peel or Rottnest)
- Hospitality (including 'Cafes and restaurants', 'Catering services', 'Clubs (hospitality)' and 'Pubs, taverns and bars')
- Retail (including 'Specialised food retailing')
- Tourism (including 'Accommodation' and 'Scenic and sightseeing transport')
- Sport and Recreation (including 'Amusement parks and centres', 'Outdoor recreational activities' and 'Sport and physical recreation')
- Creative and Performing Arts (including 'Creative artists, musicians, writers and performers', 'Performing arts operations' and 'Performing arts venues')
Metropolitan Western Australia (including Perth, Peel and Rottnest)
- Hospitality (including 'Cafes and restaurants', 'Catering services', 'Clubs (hospitality)' and 'Pubs, taverns and bars')
- Retail (including 'Bakeries', 'Florists', 'Hairdressing and beauty services' and 'Specialised food retailing')
- Tourism (including 'Accommodation' and 'Scenic and sightseeing transport')
- Sport and Recreation (including 'Amusement parks and centres', 'Health and fitness centres and gyms', 'Outdoor recreational activities' and 'Sport and physical recreation')
- Creative and Performing Arts (including 'Creative artists, musicians, writers and performers', 'Performing arts operations' and 'Performing arts venues')
- Other (including 'Cinemas', 'Food Wholesalers' and 'Goods and equipment rental'
You must also also be able to provide evidence that your business has either:
- Suffered a financial loss as a direct result of the lockdown period, (such as the loss of perishable goods or incurred costs associated with cancelled bookings), or
- Experienced at least a 30 per cent reduction (compared to the prior week) in turnover due to the restricted trading conditions
How do I apply?
Visit the Small Business Development Corporation Lockdown Assistance Grants Program Round Two on the link below and complete and lodge your form online.
Forms must be lodged by 31 August 2021.
Apply Here
References
All information sourced from the Small Business Development Corporation website - https://www.smallbusiness.wa.gov.au/
