A new jointly-funded support package has been launched to help South Australian small and medium tourism and hospitality related businesses impacted by ongoing trading restrictions and border closures.
A COVID-19 Small Business Hardship Grant will also be introduced for South Australian tourism and hospitality businesses that have not been eligible for previous small business grants provided since July’s seven-day lockdown.
Jointly funded by the Federal and State governments, the new COVID-19 Tourism and Hospitality Support Grant and COVID-19 Business Hardship Grant programs will deliver about an extra $15 million in support to an estimated 3,500 local businesses.
The new package includes grants of between $1,000 and $20,000 for businesses in eligible tourism and hospitality sectors.
The COVID-19 Business Hardship Grant of $6,000 is available for employing businesses with annual payrolls below $10 million and $2,000 for non-employing businesses who have experienced a minimum 50 per cent reduction in turnover over the eligible period and haven’t been eligible for previous business grant support since July 2021.
In addition, the South Australian Government is increasing its State funded Major Events Support Grant, to provide grants of up to $100,000 for large cancelled or postponed events, where attendees at the event were expected to be greater than 10,000, recognising the significant costs incurred with large events.
For eligible events that have already applied for the $25,000 grant, they will now receive a top up of up to a further $75,000 to bring total assistance to $100,000.
“Tourism and hospitality businesses have done it particularly tough as South Australia feels the impact of lockdowns in neighbouring states,” Federal Treasurer Josh Frydenberg said.
“That’s why the Morrison Government is increasing support to these businesses and industries that need it most.”
Frydenberg also said there is “light at the end of the tunnel” for impacted businesses.
“By sticking to the National Plan, agreed to by State and Territory leaders, we can safely ease restrictions and open up our economy,” he said.
“And as we progress towards our vaccinations targets of 70 to 80 per cent, the Morrison Government will continue to work closely with the Marshall Government to support South Australian businesses through this challenging time.”
Premier of South Australia Steven Marshall said many businesses have been “doing it tough” over the last 18 months.
“These new grants will further support our hardworking small businesses who are the backbone of the state’s economy,” Marshall said.