Accounting & Tax

Victorian Government announces $200 million Business Stimulus Package

On 21 February, the Victorian Government announced the $200 million package that will be targeting the hospitality and tourism industry. For more information on this grant, head to Business Victoria’s website.

A new and extended $100 million voucher scheme will provide rebates to Victorians for entertainment, dining and travel. This includes a $10 million round of Melbourne Money, attracting Melbourne residents back to city cafes, bars and restaurants by reimbursing part of their bill.

The scheme will be extended across the state with a new $30 million program providing rebates on food and wine experiences in regional areas and in suburbs outside of the CBD.

A new entertainment voucher scheme will provide $30 million in rebates for tickets to the theatre, live music, cinemas, museums, galleries, conferences, exhibitions and other events across Victoria.

Another $34.2 million will be used to place workers in more than 1,500 jobs across hospitality, warehousing, logistics, tourism and food pressing.

To encourage more people to holiday in the state, there will be a new $30 million round of the Victorian Travel Voucher Scheme.

A $60 million Ventilation Voucher Program will help small businesses purchase equipment and upgrades to reduce the spread of COVID-19 in the workplace and improve customer confidence. It will offer rebates of up to $5,000 as well as $500 vouchers.

An additional $5 million will go to the Small Business Digital Adaptation Program, providing rebates of up to $1,200 so businesses can access a range of digital tools.

The Business Recovery and Resilience Mentoring Program will be extended, providing support and coaching to small business owners.

Need more assistance?

Our team in Mount Waverley, Mornington Peninsula and Warragul are experts in their field and are here to help you. Get in touch with our team today to discuss your business and see how we can help.

Source: Business Victoria

DISCLAIMER:
The information posted was accurate at the time of publication. We strongly recommend checking in with the relevant Government websites via the links we’ve provided to see if any changes have been made.

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