28 Jul Chronicle Counsel: FUNDING OFFERED TO LOCAL BUSINESSES IN NEED
FUNDING OFFERED TO LOCAL BUSINESSES IN NEED – Central Coast business owners, including those in the construction and building industry, can now apply for two new programs offering financial support.
Parliamentary Secretary for the Central Coast and Member for Terrigal Adam Crouch said the two new programs are part of the NSW Government’s $4.1 billion financial rescue package.
“Starting this week, businesses with an annual turnover between $30,000 and $75,000 can receive a tax-free payment of $1,500 per fortnight for as long as the lockdown lasts,” Mr Crouch said.
“This is the first time since the pandemic began that ‘micro’ businesses have received financial support.
“The ‘Job Saver’ program has also gone live on the Service NSW website this week and provides weekly payments between $1,500 and $10,000 for businesses that do not sack their staff.
“Providing this financial assistance is a significant cost to the NSW Budget, but we must do everything possible to keep businesses in business and keep people in jobs.
“I want to make sure that no Central Coast business owner or worker slips through the cracks over the next few days and weeks.”
These two new programs are in addition to the one-off grants ranging between $7,500 and $15,000, which opened to businesses last week.
Service NSW has hired additional staff to process funding applications within days, rather than weeks, of being received.
Mr Crouch said the NSW Government’s $4.1 billion financial rescue package also includes payroll tax relief for Central Coast businesses.
“All businesses can defer their monthly payroll tax until October, and a 25 per cent reduction in the payroll tax is being provided to any business whose annual wages bill is below $10 million,” Mr Crouch said.
Our thanks to Adam Crouch MP for this information about the funding offered to Central Coast businesses.