COVID-19 Government Stimulus Packages

The outbreak of COVID-19 is creating cash flow challenges for some businesses in our industry.

We wanted to draw your attention to the Federal Government stimulus packages that your business may be eligible for.

Cash flow assistance for businesses

This assistance will support businesses to manage cash flow challenges and help businesses retain their employees. These two measures are designed to support employing small and medium enterprises and to improve business confidence. In addition, the wage subsidy for apprentices and trainees will help to ensure the continued development of the skilled workforce that employers need.

Delivering support for business investment

The Government is backing businesses to invest to help the economy withstand and recover from the economic impact of Coronavirus. The two business investment measures in this package are designed to assist Australian businesses and economic growth in the short-term, and encourage a stronger economic recovery following the Coronavirus outbreak.

State Governments are also offering packages to SMEs, please check with your local government organizations for additional opportunities.

For more information on the Australian Government’s Economic Response to Coronavirus click here. 

Click here to find out more about how the Economic Response complements the range of support available to small and medium businesses.