‘Desperately needed’ small business package may not be enough if borders don’t open soon

The announcement of an additional $20 million small business sustainability and recovery package was “desperately needed” according to business leaders. But, it may not be enough to save businesses. DETAILS >>

• Government announces $20m in new business stimulus grants
• Premier Peter Gutwein reveals Tassie’s border opening plans

CHAMBER of Commerce and Industry chief Michael Bailey says the latest round of small business sustainability and recovery grants were “desperately needed”, but more support may be needed if border restrictions do not change quickly.

Minister for Small Business Sarah Courtney on Wednesday announced a $20m Small Business Sustainability and Recovery Assistance Package to delivered through grants and support programs.

There will be 3000 grants worth $5000 each available through a $15m small business sustainability and recovery fund.

A second round of the Small Business Continuity Grant – yet to be announced – will receive $2m.

Health Minister Sarah Courtney with a Tasmanian COVID update. Picture: RICHARD JUPE

Existing small business support and mental health support programs will be enhanced with the allocation of an extra $3m.

Mr Bailey said the money would be useful to visitor accommodation and hospitality businesses and digital literacy and mental health support programs were needed.

“It certainly is enough to keep some businesses going,” he said.

“I suspect that unless we can really see borders change quickly, there may need to be more support in the future as well.”

Mr Bailey said Tasmania’s trade and export businesses were “doing very well”, but others were struggling.

Tamar Valley Rose Shop owner Megan Lee. Picture: PATRICK GEE

Premier Peter Gutwein last week announced a travel bubble between Tasmania and South Australia, Northern Territory and Western Australia would open on August 7.

He said it was unlikely he would allow travel from Victoria in the near future.

Owner of primary producer and retailer Tamar Valley Roses, Meg Lee, said the first round of grants came just “in the nick of time” for her business, and she would apply for the new round of funding if eligible.

“It would certainly assist us in the way forward,” she said.

The Small Business Sustainability and Recovery Grant program will open to applications at 12pm noon on August 3.

For further information go to www.business.tas.gov.au or call 1800 440 026.