Fresh support announced as NSW gets back to business

As part of the Economic Recovery Strategy, the NSW Government has committed to providing a Summer Holiday Stock Guarantee grant for Small and Medium Enterprises.

What is the SME summer holiday stock guarantee grant?

Under the SME Summer Holiday Stock Guarantee, hospitality and retail businesses will be able to apply for a grant of up to $20,000 to compensate for loss of perishable stock, or claim $10,000 for reduced capacity to sell non-perishable items, if they’re forced to close their doors between 1 December 2021 to 31 January 2022, due to a public health order.

What businesses are eligible?

Hospitality and retail businesses with an annual turnover between $75,000 and $50 million.

How do businesses apply?

Businesses will be able to apply via the Service NSW website. More information will be made available shortly.

In the meantime, contact Notch Above’s team of Xero certified cloud business bookkeepers Australia-wide on 1300 015 130.

Source: NSW Government