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ARTICLE · 16 AUGUST 2021

Victorian business support package

Outline of various support measures for Victorian SMEs experiencing financial hardship from the recent lockdown.

AustraliaGovernment, Public Sector

On 28 July 2021 the Victorian Government announced a $400 million support package, jointly funded by the Commonwealth Government. The package is designed to provide support to Victorian small and medium businesses experiencing financial hardship from the recent lockdown.

On 6 August 2021 the Victorian Government announced additional payments for previous recipients of the Business Costs Assistance Program Round Two and Round Two July Extension.

Further support was announced on 12 August 2021.

The various support measures are outlined below.

Business Costs Assistance Program Round Two – July Extension – Applications close 13 August 2021

The Victorian Government's Business Costs Assistance Program Round Two July Extension gives eligible businesses that had not previously applied for the Program in June, or have since become eligible, with the opportunity to apply for the equivalent of the July Top-Up Payments.

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