Tasmania Small Business Recovery   Program

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Small Business Advice for Recovery Program

The purpose of Small Business Advice for Recovery program is to assist Tasmanian small businesses recover from the economic impact of COVID-19.

Total available funds for this program for eligible Tasmanian businesses is $1.538 million. A maximum of 2,050 grants will be awarded, with grants of $750 available to support eligible small businesses in engaging services of a qualified specialist or consultant to advise them on continuity planning or provide financial advice to assist with business recovery.

The Grant program will open for applications on Wednesday 28 October 2020 at 12:00 pm and close on Monday 22 February 2021 at 12:00 pm, or when the funding has been fully allocated, whichever occurs first.

Eligibility Criteria
  • have an Australian Business Number as at 29 February 2020 that continues to be active
  • be a business located and operating in Tasmania with the business owner also residing in Tasmania
  • not be subject to any legal impediment, including bankruptcy or liquidation
  • have employed fewer than 20 Full Time Equivalent staff (FTEs) at 29 February 2020
  • be able to demonstrate an annual turnover of more than $50 000 (excluding GST) for 2018-19 or 2019-20 OR for recently established businesses, demonstrate that indicative turnover would have exceeded $50 000 (excluding GST)
  • have a business bank account in the same name as the applicant business name
  • where a business owner has multiple ABN’s for multiple businesses, they can apply for a maximum of two businesses only.

 

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Eligible Expenditure

Cash Flow Projections

Managing Risk

Diversifying Business Enterprise

Adding Value to Products & Services

Marketing Plans/Business Plans

Legal Matters

Supporting Lodgement for Business Growth Loan

Timeframes

The grant program will open on Wednesday 28 October 2020 at 12:00 pm and close on Monday 22 February 2021 at 12:00 pm, or when the funding has been fully allocated, whichever occurs first.

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