The NSW Government has announced the 2022 Small Business Support Program and whilst we are still waiting on the finer detail and official eligibility criteria, this is what we know right now.
Basic eligibility (note the “and” means you will need to meet all criteria)
- have a business or not-for-profit organisation with a turnover between $75,000 and $50 million (inclusive) for the year ended 30 June 2021 or the year ended 30 June 2020; and
- experienced a decline in turnover of 40% or more due to public health orders or the impacts of Omicron during the month of January 2022, compared to January 2021 or January 2020; and
- experienced a decline in turnover of 40% or more due to the impacts of Omicron from 1 to 14 February 2022, compared to the same fortnight in February in the comparison year used above; and
- maintain your employee headcount as of 30 January 2022.
How much will you receive?
If eligible, 20% of weekly payroll as a lump sum for the month of February, with a minimum payment of $750 per week up to a maximum payment of $5,000 per week.
Eligible non-employing businesses will receive $500 per week, paid as a lump sum of $2,000.
The 2022 Small Business Support Program is for the month of February only.
We will have updated information, including how to apply, on our website when it becomes available.
