Applications for the 2021 COVID-19 Business Support Grants for lockdown-impacted businesses in Queensland have now opened.
Successful applicants will receive the total value of the boosted grants ranging from $10,000 to $30,000 depending on the size of your annual payroll.
Applications for non-employing sole traders are not yet open, but details of how to apply will be released in the coming days.
Available funding
You may be eligible to receive a grant of between $10,000 and $30,000 (excluding GST) depending on the size of your business, to be used for business expenses.
Under the joint Queensland and Australian Government support package, tiered payments based on payroll size for eligible businesses and not-for-profit organisations across Queensland are available, including;
- $10,000 grant to employing small businesses and not-for-profit organisations with an annual payroll in Queensland of less than $1.3 million
- $15,000 grant to employing medium-sized businesses and not-for-profit organisations with an annual payroll in Queensland between $1.3 million and $10 million
- $30,000 grant to employing large-sized tourism and hospitality-focused businesses and not-for-profit organisations with an annual payroll in Queensland of greater than $10 million.
Non-employing sole traders
Under the joint Queensland and Australian Government package, a $1,000 one-off grant to non-employing sole traders across Queensland has been announced.
If you are a Queensland-based non-employing sole trader who has had a decline in turnover of more than 30% due to the South East Queensland lockdown commencing 31 July 2021 or the Cairns and Yarrabah lockdown commencing 8 August 2021, you may be eligible for a one-off $1,000 grant.
More details on this to come.
Who can apply
Employing Queensland small businesses and not-for-profit organisations
To be eligible, you must:
- have a turnover of more than $75,000 per annum and have an annual payroll in Queensland of less than $1.3 million
- have been impacted by the South East Queensland lockdown commencing 31 July 2021 or the Cairns and Yarrabah lockdown commencing 8 August 2021 or any other lockdown in the month of August 2021.
Note: You are not restricted to lockdown areas.
Employing Queensland medium-sized businesses and not-for-profit organisations
To be eligible, you must:
- have a turnover of more than $75,000 per annum and have an annual payroll in Queensland of between $1.3 million and $10 million
- have been impacted by the South East Queensland lockdown commencing 31 July 2021 or the Cairns and Yarrabah lockdown commencing 8 August 2021 or any other lockdown in the month of August 2021.
Note: You are not restricted to lockdown areas.
Employing Queensland large tourism and hospitality businesses and not-for-profit organisations
To be eligible, you must:
- be operating in the tourism and hospitality sector
- have a turnover of more than $75,000 per annum and have an annual payroll in Queensland of more than $10 million
- have been impacted by the South East Queensland lockdown commencing 31 July 2021 or the Cairns and Yarrabah lockdown commencing 8 August 2021 or any other lockdown in the month of August 2021.
Note: You are not restricted to lockdown areas.
How to apply
You will need to apply online with supporting evidence through the Queensland Rural and Industry Development Authority (QRIDA) portal.
For more details, please visit the Business Queensland website here, or contact your accountant at Total Business Partners on 07 5493 2111.