A new jointly-funded package from the Commonwealth and South Australian governments will give more financial support to local small and medium tourism and hospitality related businesses affected by ongoing trading restrictions and border closures.

A COVID-19 Small Business Hardship Grant will also be introduced for those businesses that have been significantly affected by COVID-19 restrictions but have not been eligible for previous small business grants provided since July’s 7-day lockdown.

The new COVID-19 Tourism and Hospitality Support Grant and COVID-19 Business Hardship Grant programs will deliver about an extra $15 million in support to an estimated 3,500 local businesses.

The package will be split on a 50:50 basis between the Commonwealth and South Australian governments, with the state government to administer the program.

In addition, the South Australian government is increasing its State Funded Major Events Support Grant to provide grants of up to $100,000 for large cancelled or postponed events, where attendees at the event were expected to be greater than 10,000. For eligible events that have already applied for the $25,000 grant, they will now receive a top up of up to $75,000 to bring total assistance to $100,000.

The Treasurer Josh Frydenberg said this package comes on top of the Federal Government's $9.5 billion in direct economic support to South Australian households and businesses since the start of the pandemic.

"Tourism and hospitality businesses have done it particularly tough as South Australia feels the impact of lockdowns in neighbouring states."

"Already, the Commonwealth has provided $50 million in COVID-19 disaster payments to South Australia, supporting the incomes of around 86,000 individuals, and in partnership with the state government, committed more than $36 million to small and medium-sized businesses over course of the recent lockdowns."

Premier of South Australia Steven Marshall said: “We have recently been recognised as the most liveable place in the nation, and our COVID recovery plan is focussed on standing shoulder-to-shoulder with small businesses as we navigate our way out of the global pandemic.”

“While we have more South Australians employed than ever before in the history of the state, there is no doubt many businesses have been doing it tough during the global pandemic. These new grants will further support our hardworking small businesses who are the backbone of the state’s economy,” Premier Marshall said.

COVID-19 Tourism and Hospitality Support Grant payments of $3,000 for employing businesses and $1,000 for non-employing businesses will be automatically paid to businesses in eligible tourism and hospitality sectors that have already received the COVID-19 Additional Business Support Grant. It is expected that these grants will be paid within a week.

Applications for the new COVID-19 Business Hardship Grant and larger COVID-19 Tourism and Hospitality Support Grants will open 17 September 2021 and will close on 31 October 2021.

Find out more about the available grants and eligibility requirements.

Sourced from the Premier of South Australia’s website: Further support for South Australian small businesses impacted by Covid-19