More than 11,300 SME register for SA cash grants

More than 11,300 South Australian small businesses impacted by COVID-19 restrictions have registered for the state governments $10,000 cash grants.

Funded from the State Government’s $650m Jobs Rescue Package the investment will assist an estimated 19,000 small businesses and not-for-profits at a total cost of approximately $190m.

Premier Steven Marshall says the initiative was part of the government’s plan to deal with the pandemic, and it intends to have the emergency cash payments ‘out the door’ as quickly as possible.

“We know our small businesses are doing it particularly tough at the moment – through no fault of their own – and this $10,000 grant will go some way in helping to ease their cash flow burden at a time when they need it most,” Marshall says.

“We want this money out the door as quickly as possible so impacted employers can use it to cover a range of immediate costs, whether that be commercial rent and utility bills or supplier fees for raw materials.

“All eligible small businesses are encouraged to register their interest by June 1,” he says.

For more information and to register an interest, businesses are urged to visit: here

Applications for the grant will open Monday, April 20 and be available until June 1, 2020

To be eligible for the one-off $10,000 emergency cash grants, a business must:

• Employ people in South Australia
• Have turnover of more than $75,000
• Have payroll of less than $1.5 million, and not entitled to a payroll tax waiver under COVID-19 support measures introduced by the State Government
• Have an ABN and were carrying on the operation of a business in SA on March 1, 2020
• Have been subject to closure or highly impacted by COVID-19 related restrictions^
• Use the funds to support activities related to the operation of the business

Apply by June 1, 2020

Businesses eligible for the Commonwealth JobKeeper payment will be deemed to be highly impacted by COVID-19 restrictions. NB: If a business has received any SA Government grants provided to address COVID-19 related business impacts, these payments will be deducted from the $10,000 grant.