Grants and Funding Opportunities
There are various grants and subsidies recently released from the Federal Government in response to Covid-19. Some of them are listed below. Click the headings for links to more information.
- NEW! Boosting Apprenticeship Commencements provides a 50% wage subsidy for employers hiring new or recommencing apprentices between 5 October 2020 and 30 September 2021. This will be available to any size business but is capped to 100,000 apprentices. Download the factsheet or visit www.employment.gov.au
- NEW! JobMaker Hiring Credit - Employers may be paid up to $200 per week for employing young employees between 18 and 35 years. For more information click here.
- NEW! Temporary full expensing - The Government is introducing temporary full expensing of eligible depreciable assets for businesses with turnover up to $5 billion from 6 October 2020 until 30 June 2022. For more information click here.
- NEW! Offset tax losses - Companies with turnover up to $5 billion will also be able to temporarily, up to June 2022, offset tax losses against previous profits and tax paid in or after 2018-19 to generate a refund. For more information click here.
- Update to JobKeeper Payment: The Federal Government is extending the JobKeeper Payment by a further six months to March 2021. Support will be targeted to businesses and not-for-profits that continue to be significantly impacted by the coronavirus. The payment rate will be reduced and a lower payment rate will be introduced for those who work fewer hours. Other eligibility rules remain unchanged.
- JobTrainer Skills Package: The Australian Government will invest $2 billion to give hundreds of thousands of Australians access to new skills by retraining and upskilling them into sectors with job opportunities. The package cnsists of two components:
- The JobTrainer program which will provide up to 340,700 additional training places. The program will help school leavers and job seekers access short and long courses to develop new skills.
- An expansion of the wage incentive program to help keep apprentices in work. In addition to small businesses already covered, the wage subsidy will now be available to medium businesses ( less than 200 employees) for apprentices employed as at 1 July 2020
- Business Events Boost Program: Applications for a new domestic partnership program to support industry-led business events marketing and distribution projects is now open. Launched as part of Business Events Australia’s COVID - 19 recovery strategy, the program will see Tourism Australia's specialist business events unit work closely with industry on activity which encourages business events to take place in Australia as pandemic recovery progresses. Applications close 30 September 2020
- NSW State Government Small Business COVID-19 Recovery Grant . Eligible small businesses can apply for recovery grants of up to $3000 to help small businesses get back to business by meeting the costs of safely reopening or upscaling operations.
- Cash flow boost with up to $100,000 provided back to eligible businesses in form of a tax credit from 28 April 2020.
- Support for employers of apprentices and trainees by subsidising up to 50% of wages paid to apprentices and trainees between 1 January 2020 and 30 September 2020.
- Tax Support in the form of some relief from tax obligations is being offered by businesses affected by the outbreak, these are being assessed on a case-by-case basis.
- SME Guarantee Scheme allows for the Government to provide a guarantee of 50 per cent to lenders for new unsecured loans of up to $250,000. The loans are to be used for working capital for small to medium enterprises with a turnover of up to $50 million.
- The Instant Asset Write-Off (IAWO) Threshold has been increased to include eligible assets each costing less than $150,000. The threshold applies on a per asset basis, so eligible businesses can immediately write‑off multiple assets.
Service NSW COVID-19 Assistance Finder use the assistance finder to find what benefits, rebates or concessions are available from the NSW Government.
For more information and an up to date list of Government initiatives click the above underlined links or visit www.business.gov.au.
For more resources to assist in dealing with COVID-19 click here.
NSW Export Assistance Package
The NSW Government has launched a range of support measures for NSW businesses at each stage of their export journey. The package includes financial and non-financial assistance, export capability-building and tailored engagement with our trade professionals in NSW and overseas.
The export support measures are designed to help NSW exporters recover and build sustainable international business following the impacts of COVID-19, the bushfires and drought. Three programs are available:
- Export Assistance Grant Program: Reimbursement of 50% of eligible expenses, up to a maximum of $10,000 per eligible business is available for current or previously exporting businesses enabling access to new or re-entering previous markets. For more information and eligibility criteria visit Export Assistance Grant Program guidelines .
- Going Global Program: The 10-month intensive programs minimise barriers to entry for potential exporters. This Program enables NSW businesses to gain a deep understanding of specific international markets, the opportunities and pathways to markets across specific sectors and provides introductions to customers and other in-country contacts. Select from 15 tailored programs covering nine markets and ten sectors. Register your interest for the NSW Going Global Program
- Buy Regional: Buy Regional is a web platform that connects producers directly to consumers, to encourage people to shop direct from small businesses in Regional NSW who make unique homewares, clothing, food, wine and spirits, gifts and other items. Register for Buy Regional.
Small Business Drought Support
The drought has impacted small businesses and communities across NSW, with farming and non-farming businesses feeling the strain of unprecedented dry conditions.
Please read the following letter from the NSW Small Business Commission outlining the range of services available. Click here: NSWSBC - Letter to businesses re drought
The NSW Small Business Commission has developed a factsheet outlining support for non-farm based businesses, available here.
Farm-based businesses can find information on support specific to their needs on the NSW Drought Hub.
Any business can contact the NSW Small Business Commission to discuss on 1300 795 534 or email firstname.lastname@example.org.
To assist with managing stress during this time the Rural Adversity Mental Health Program has a number of resources available. Click here: https://www.ramhp.com.au/
Event Economic Modelling
Many grant applications require information to be provided on the economic impact of conducting an event in the local community. Having economic modelling undertaken externally can be time or cost prohibitive for small business and non-profit organisations, with many organisations charging $150 per hour to complete modelling scenarios.
Up until 30 June 2021, the Economic Department of Bathurst Regional Council is available to undertake simple economic modelling to support local organisations in their grant applications for nil cost to the organisation.
Small Business Safety Rebate
A rebate of up to $500 is available to eligible small businesses and sole traders in NSW who buy and install equipment that makes their workplace safer.
For more information and eligibility criteria visit safework.nsw.gov.au
Bathurst Access Improvement for Small Business Grants
The grants aim to assist small businesses with less than 20 employees, and not-for-profit organisations in the local area to improve access to their business for people with a disability. Small businesses and not-for-profit organisations may apply for funding of either 50% of project costs, or up to a maximum of $5,000 on a dollar for dollar basis for projects that improve access to the built environment for people with a disability.
For more information contact Council's Community Services Department on 6333 6523.
Smart and Skilled Program
The NSW Department of Industry, Smart and Skilled Program, offers support for both students and employers to get the skills needed for jobs in the NSW workforce.
There are a range of Government-subsidised courses and approved training providers to choose from, as well as new fee arrangements.
Under Smart and Skilled, all apprenticeship and most traineeship qualifications are subsidised. Training for existing-worker trainees is not subsidised.
The courses subsidised are on the NSW Skills List. The Skills List identifies courses that help people get the skills they need to find a job. It also aligns with the skills needs of businesses in NSW.
As part of the Smart and Skilled program, Local Governments are also eligible for support in offering pre-employment training, employing apprentices and new entrant trainees, and also upskilling current employees. Information specific to the Local Government Skills Strategy can be found here.
For more information visit the Smart and Skilled website or call 1300 772 104
Tackling Tough Times Together
The Tackling Tough Times Together grant program helps communities access the resources they need to support one another through the ongoing effects of the drought.
This program is designed to provide flexible funding to support community-based activities that both help to relieve current stressors and symptoms, and most importantly, build capacity and resilience for the future. Funds could also support activities that engage your local community in being proactive, exploring options and creating something that will stand the test of tough times.
Thanks to the generous support of our donor partners, grants of up to $20,000 are now available across drought-affected communities nationally. A smaller number of grants valued at up to $60,000 and $150,000 are also available for larger-scale and multi-year projects that have a broader impact. Applications will be accepted on an ongoing basis and assessed quarterly.
For more information, please visit the Foundation for Rural & Regional Renewal website.
Upgrade your manufacturing equipment and save
In early 2019, the NSW Government launched a new $16 million funding offer for manufacturers to upgrade their equipment. It will help businesses save energy and money.
There are currently three draft offers being considered.
The NSW Government would like to get your feedback on them in a short survey or if you have your own energy efficiency upgrade project in mind, you can let them know.
For more information, please visit:
CSIRO Kick-Start Program
This program aims to help Australian start-ups and small SMEs (small and medium-sized enterprises) access funding to undertake research, development, or testing activities with CSIRO. It is a targeted program, which forms part of CSIRO’s strategic commitment to deepen its direct support for Australian technology start-ups and SMEs in areas of national growth priorities.
For more information, please visit the CSIRO Kick-Start Program website.