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Sunday, October 24, 2021

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$600 million joint Government support for business

Applications are now open for the State and Federal Governments’ $600 million package to help Queensland businesses affected by COVID-19 lockdowns.

Eligible businesses have until mid-November to apply for the grant, which ranges from $10,000 to $30,000.

Tourism Tropical North Queensland (TTNQ) CEO Mark Olsen said the joint business support package would extend the support offered by the Governments since Cairns and SEQ were sent into lockdown.

“In response to the desperate need for direct support for our region, TTNQ, Advance Cairns and the Cairns Chamber of Commerce advocated directly for the State and Federal Governments to collaborate to help businesses keep staff employed while the region’s visitor numbers plummet to the lowest levels since we entered lockdown in March 2020,” he said.

“Both levels of Government have taken swift and decisive action with a targeted response for those businesses most impacted across the State.”

He said the short-term lockdowns left significant dents in the region’s economy.

“Businesses in the region are still seeing cancellations of forward bookings.

“This direct cash injection will be needed by many businesses who are facing their worst situation since the pandemic began.”

Queensland Treasurer and Minister for Investment Cameron Dick said the agreement would boost support, not just for businesses that have been affected by recent lockdowns, but by those that continue to suffer because of lockdowns in other jurisdictions.

“We know that across Queensland, the lack of international and interstate visitors is affecting businesses every day, especially those in tourism and hospitality,” the Queensland Treasurer said.

“This dollar-for-dollar agreement with the Federal Government will see Queensland’s contribution rise to $300 million and vastly increase the scope of support available to businesses right across the state.”

All eligible businesses who apply for the grant in the three-month window will receive funding.

For more information on the program, including eligibility requirements, go to www.business.qld.gov.au/supportgrants.

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