Deadline: 30-Jun-22
The NSW and Australian Government has announced the Flood Disaster Recovery Small Business Grants for small business or a not-for-profit organisation in NSW that have been directly impacted by storms and floods in February and March 2022.
Funding Information
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The maximum grant amount available is $50,000.
- Funds of up to $15,000 will be provided to eligible, approved applicants based on quotes you will need to submit when you apply. You do not need to provide evidence of payment at this stage.
- Evidence, including valid tax invoices, will be required in relation to the first $15,000 if you are seeking funding from $15,000 to $50,000.
- To receive funds of between $15,000 to $50,000, you will need to submit evidence of payment of the relevant costs at the time of application.
- If your initial grant application is for an amount less than $50,000, you can submit further applications if you require additional funds to complete eligible clean-up and reinstatement activities.
Eligible Costs
Covered costs could include, but are not limited to:
- payment for tradespeople to conduct safety inspections
- equipment and materials required for cleaning up
- equipment and materials essential for immediately resuming operations
- payment for a cleaner if the service would not have been needed, or exceeds ordinary cleaning costs, in the absence of the disaster
- the removal and disposal of debris, damaged materials or damaged stock
- repairing premises and internal fittings
- leasing temporary premises, replacing or repair of motor vehicles, or replacing lost or damaged stock, if it’s essential for resuming operations.
Eligibility Criteria
You must be a small business owner or a not-for profit organisation in a defined disaster area and:
- have suffered direct damage – 'direct damage' means a direct and material impact of flooding on business assets or equipment.
- be primarily responsible for meeting the costs you are claiming
- intend to re-establish your small business or not-for-profit organisation within the same area
- if you are a small business, have held an ABN (which you currently hold) and engaged in carrying on the small business at the time of the floods in the defined disaster area
- if you are a not-for-profit organisation, be registered with the Australian Charities and Not-for-profits Commission (ACNC) or an equivalent state regulatory body and have held that registration at the time of the eligible disaster.
Sole traders with no employees who fulfil the above criteria are eligible to apply if you can show that you derive a majority of your income from the small business, or that:
- immediately before the eligible disaster, you derived a majority of your income from the business, and
- the majority of your income would have come from the business again if not for the eligible disaster.
You may also be eligible if your small business or not-for-profit organisation is located outside the defined disaster area, but:
- operates on a part-time or regular basis within the defined disaster area, and
- plant or equipment your small business owns was located in the defined disaster area and was damaged by the eligible disaster.
If you operate multiple small businesses, you may apply for grant funding for each eligible separate business up to the maximum amount available.
For more information, visit NSW Government.
For more information, visit https://www.nsw.gov.au/media-releases/applications-now-open-for-flood-disaster-recovery-small-business-grant