The safety and security of Tasmanians is our number one priority as face the challenge of the coronavirus pandemic.
The Tasmanian Government recognises the significant impact the unfolding COVID-19 situation and the associated trading restrictions are placing on small businesses.
Throughout this incredibly tough time we are continuing to back small businesses and I thank them for their compliance during this extremely tough period.
I’m pleased to announce we will allocate an additional $10 million to the small business grants program and a further $10 million in hardship grants to enable more access to financial support, taking the total support package to $60 million.
Due to high demand, both programs have been extended and will now close to new applicants on 4 May 2020.
More than $25 million has now been paid in Small Business Emergency Support Grants, with more than 10,355 businesses receiving grants, while $20 million has been allocated to support those businesses under severe hardship with grants of up to $15,000, with 167 grants paid out so far.
This support is in addition to the Tasmanian Government’s $985 million Social and Economic Support Package, the most significant business support package in the history of our state. We are committed to working with business and industry to remain resilient and ensure jobs and livelihoods are protected.
While we know there is still more to do to support the thousands of Tasmanian businesses and workers that have been affected by the COVID-19 pandemic, we will continue to work with Tasmanian businesses through this emergency and into recovery.