COVID-19 Business Support grants closes on 16 November 2021.

Updated 17.08.21

The continuation of the COVID-19 pandemic and the increased lockdown and stay-at-home orders being mandated primarily due to the current ‘Delta variant’ have required both State and Federal Governments to provide further economic assistance. Whilst the support is welcome, keeping up with the latest assistance packages has placed additional strain on impacted individuals and businesses in understanding what options are available to them.

The following table provides a snapshot of some of the most recently announced COVID19 economic assistance packages for Small to Medium Businesses and for Tourism and Hospitality Businesses that have been made available in Queensland in response to the recent lockdowns and restrictions (at 10 August 2021).

Applications for the 2021 COVID-19 Business Support Grants will open at 12pm (midday), 16 August 2021. All eligible businesses who apply for a grant during the 3-month application period will receive funding.

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. This grant may 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.

These include:

• $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.

2021 COVID-19 Business Support Grants – 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.

Further information about the eligibility requirements will be available shortly. Register your interest here.

2021 COVID-19 Business Support Grants for employing businesses – 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.

Refer to the Business Queensland Coronavirus COVID-19 business assistance finder for further detail on all QLD Government COVID-19 financial assistance.

Contact us today to find out how we can help!