News
Level 2 COVID-19 Business Assistance Package launched in Western Australia
Tiered grants for small and medium sized businesses to be rolled out for those with a 50 per cent reduction in turnover over four weeks.
The McGowan Government has announced a $72 million package for businesses most impacted by Level 2 public health and social measures,
The Small Business Hardship Grants Program will provide tiered grants to businesses that have a 50 per cent or greater reduction in turnover for any four week period between January 1, 2022 and April 30, 2022, relative to the same period last year.
This will include:
- $3,000 grant for sole traders (no employees);
- $7,500 grant for micro businesses (those with one to five employees);
- $20,000 grant for small businesses (those with six to 19 employees); and
- $50,000 for medium-sized businesses (those with 20 or more employees and with an annual payroll of up to $4 million).
This program will provide support to all eligible businesses that meet the criteria - including the hospitality, arts and events industries.
Eligible businesses that apply and receive funding from other recent business support programs, including the Level 1 COVID-19 Business Assistance Package, are also eligible to receive grants from the Level 2 package.
It is expected that applications to these programs will open later this month.
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Date published 4 Mar 2022 | Last updated 9 Jul 2022
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