New $10,000 grants for small businesses
Small businesses can apply for a $10,000 grant from Monday, 25 May, through the Small Business Relief Fund managed by Council of Small Business Organisations Australia (COSBOA).
There are 67 grants of $10,000 each designed to assist businesses that are recovering from the effects of the pandemic. This fund has been made possible by a philanthropic donation from Salesforce. Applications will open online at www.cosboa.org.au from 9:00am on Monday 25 May 2020 and close at 5:00pm (AEST) on Monday 1 June 2020.
The Small Business Relief Fund is aimed at supporting initiatives by small businesses to adapt and innovate in order to emerge from this challenging period in a strong position. COSBOA would like to welcome a wide variety of proposals from applicants. Proposed initiatives could address re-designing and re-modelling of workspaces, upgrading or adapting a business’s digital presence or a new approach to marketing.
Key eligibility
To be eligible to apply, businesses must:
- Be a for-profit company with an Australian Business Number (ABN).
- Have between 2 and 50 employees.
- Have been in business for a full 2 years as of 1 March 2020.
- Have an annual revenue between $150,000 and $2 million.
Application process
- Complete the online application form. Applications will open at 9:00am on Monday, 25 May 2020 and close at 5:00pm (AEST) on Monday, 1 June 2020.
- The selection process will be completed by Monday 8 June 2020 with provisionally approved grant recipients to be contacted on Tuesday 9 June 2020.
- Provisionally approved grant recipients will be asked to complete a criminal record check (at COSBOA’s cost) in relation to the business owners.
- Successful grant recipients will be announced publicly on Monday 29 June 2020.
- Grants will be paid into nominated recipient bank accounts by Tuesday 30 June 2020.
Find out more:
https://www.cosboa.org.au/smallbusinessrelieffund
Imagine Accounting are an accountancy firm based in Chatswood. Our aim is to assist small businesses to grow and to give business owners back more time. If you are after a Chatswood Accountant please reach out!
