New tech adoption support for businesses
The Andrews Labor Government is helping small to medium-size businesses implement digital solutions that improve productivity, drive growth and create jobs through a new funding program.
The grants fall under one of two funding streams:
- Stream 1 allows small to medium-sized enterprises to partner with a specialised technology provider to improve their productivity and competitiveness. The partnerships may include implementing new e-commerce systems, artificial intelligence or machine learning processes, data analytics, robotics or cyber security technology.
- Stream 2 is for companies involved in technology development to create new products and services. Product development could be across areas including micro or nanotechnology, software for business-to-business messaging, fintech applications, healthcare equipment and retail technology.
The Labor Government will match contributions from applicants, with those applying required to contribute a minimum of $20,000 towards the total cost of projects.
Wages Subsidy Fund Open For Business
As part of the landmark Jobs Victoria initiative, Victorian small and medium-sized businesses, sole traders, local councils, social enterprises, universities and not-for-profits are invited to apply for a share of $250 million in wage subsidies to create new jobs for at least 10,000 people.
The Fund will help Victorian businesses and organisations to rebuild and grow by providing a wage subsidy of up to $20,000 per eligible employee to meet the costs of taking on new workers for the first 12 months of their employment.
The Jobs Victoria Fund recognises that women’s employment has been disproportionately affected by the pandemic, with $150 million of the fund dedicated to supporting women back into work, including $50 million supporting women over the age of 45.
The Fund also focuses on people looking for work who are young, those who have been unemployed for six months or more, Aboriginal and Torres Strait Islander people, refugees and asylum seekers, and people living with a disability.
For more go here – https://jobs.vic.gov.au/about-jobs-victoria/our-programs/jobs-victoria-fund
Cutting Energy Costs for Small Businesses
Recently we announced two new programs to help Victorian small businesses slash their energy bills and help them recover from the impacts of coronavirus.
The Solar for Business Program will provide 15,000 solar rebates to eligible small businesses, covering up to 50 per cent of the cost of a rooftop solar system up to $3,500.
The Small Business Energy Saver Program will provide bonuses of up to $2,000 to help small business install energy-efficient equipment such as air-conditioning, refrigeration equipment and heat pumps.
These programs are part of a more than $46 million investment in the 2020-21 State Budget dedicated to cheaper clean energy and energy efficiency for small business.
Business Costs Assistance Program Now Open
The new $92 million Business Costs Assistance Program is part of the Victorian Government’s $143 million Circuit Breaker Action Business Support Package and will assist small businesses, including sole traders, in highly impacted sectors, such as hospitality, food wholesaling, tourism, events, and selected retail.
The program offers grants of $2000 to small businesses, including sole traders, regardless of whether they employ people or not.
The grants will support businesses in eligible sectors who have incurred direct costs because of the circuit breaker action, such as the loss of perishable goods and flowers, booking cancellations, and foregone trading.
Details on full eligibility criteria, program guidelines, how to apply – click the link attached to this post.
Applicants should be encouraged to read all the information on this page, including the program guidelines and the frequently asked questions (FAQs) before applying.
The program will be open for applications until the date the program funds are exhausted or 11:59 pm on 16 March 2021, whichever is earlier.
Businesses requiring advice can be directed to the Business Victoria Hotline on 13 22 15.
Small-scale and Craft Program stream one round two now open
Support for Business
Firstly, I wanted to simply touch base. I’ve heard from many of you in our area about your experiences and challenges throughout the restrictions we’ve had in place. And I understand how tough it has been. I’ve said it before, but it’s worthwhile touching on that it’s been incredibly heartbreaking to have to say to businesses to pause in many instances, having a significant impact on so many.
I wanted to pass on details of the latest State Gov Business Support Package:
Business Resilience Package
Recently the Victorian Government announced a $3 billion package as a suite of measures to assist businesses impacted by the restrictions and to help businesses adapt to the COVID-Normal that we are working towards. This is the largest ever support package delivered to businesses in Victoria – because it needs to be.
Includes: 3rd Round BSF, Sole Trader Support Fund, Licensed Hospitality Venue Fund, Outdoor Eating and Entertainment Package, Well-being and Mental Health Support, Business Adaption Grants among other assistance
Subscribe to Business Victoria’s newsletter to get updates on any of these – https://www.business.vic.gov.au/subscribe-to-newsletters
Applications now open – Business Recovery and Resilience Mentoring
Last week, the Victorian Government joined with the Victorian Chamber of Commerce and Industry (VCCI) in launching a new business mentoring initiative to help small business owners navigate the challenges posed by coronavirus.
Applications are open now on the VCCI website.
Through the $10 million program, eligible business owners can receive up to four 2-hour mentoring sessions with an experienced professional who will help them make informed decisions about the future of their business.
The program offers tailored guidance on:
- Business recovery – to strengthen business recovery (cost reduction, debt and cashflow management)
- Market transformation – to understand how coronavirus (COVID-19) has triggered or accelerated market changes
- Digital literacy and engagement – to help businesses reach new customers and markets
- Market and supply chain diversification – to reduce exposure to supply chain risks
- Reskilling and retraining – to help businesses upskill their existing workforce
Go to the Bus Vic Website for this and more on supports available.
Business Support Fund – expansion for Melbourne & Mitchell Shire businesses
SUPPORT FOR BUSINESS: Funding of $5,000 per eligible business is available from the Vic Gov to help small businesses survive the impacts of coronavirus and keep people in work.
Businesses within metropolitan Melbourne and Mitchell Shire that are affected by the return to Stay at Home restrictions may be eligible for a one-off, $5,000 grant under the Business Support Fund – Expansion program.
Businesses that have received funding from other components of the Victorian Government’s Economic Survival Package are eligible to apply for this program.
Applications for the program close on 19 August 2020.
This program is in addition to the first round of the Business Support Fund, which closed on 1 June 2020.
To check if you’re eligible and for more info go here: https://bit.ly/2VidCJu
More Survival Support For Victorian Businesses
The Victorian Government will provide more support to help businesses and workers through to the other side of the coronavirus pandemic.
The Government has announced a $534 million Business Support Package – the latest support measures on top of the $6 billion in economic relief already invested since the pandemic began.
The latest measures include cash grants for struggling businesses, mental health support for business owners, relief for tourism operators who can no longer welcome Melbourne-based visitors for holidays, and tailored and targeted advice for businesses to adapt, stay afloat and then bounce back on the other side.
The reinstatement of restrictions across metropolitan Melbourne and Mitchell Shire is necessary to slow the spread of the virus, but we know the impact on businesses and their staff is significant.
For more you can go the Business Victoria site – link below