More relief for small business, first home buyers

The State Government has announced a range of new measures to help the Queensland economy recover from coronavirus, including a fresh round of small business grants and an extension of the first home buyers scheme.

The first round of the $100 million Small Business Adaption Grants Program offered grants of up to $10,000.

But the funds were snapped up in days with many businesses that missed out criticising the application process.


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The Premier has today announced a further $100 million for small businesses, with half of that to be reserved for businesses outside of south-east Queensland.

Small Business Minister Shannon Fentiman says the government will take applications from July 1, but doesn’t expect them to last very long.

“Get your application paperwork together, get your application in when the grants open on the first of July.

“It will go quickly, we know there’s a lot of demand for cash flow for our small businesses doing it tough, so we don’t want them to miss out,” Ms Fentiman told myGC.

The Government has also announced a range of measures for the construction industry while also confirming it will stick with its $15,000 first home buyers grant for those building new homes worth less than $750,000.

New home buyers in regional areas will be eligible for an extra $5,000 on top of that, which, combined with Federal Government support, could see them eligible for up to $45,000.

Another $100 million will be allocated to the Housing Construction Works for Tradies program while south-east Queensland councils will share in another $50 million for minor works and projects.

Seniors will be able to access $5,000 for repairs and renovations to their homes as part of a $10 million program.

““The stimulus package we’re announcing today will keep our tradies on the tools and the building supply chain moving, while supporting first home buyers and responding to homelessness impacts from COVID-19,” The Premier said.

“Together, the measures in this package will deliver jobs for electricians, plumbers, carpenters, bricklayers, concreters and landscapers, as well as a wealth of new opportunities for local businesses that support their work.”

The Premier has also announced a $22.5 million package to help the struggling arts and recreation sector.

The funding will go towards live music events, temporary outdoor venues, support for venues to maintain viability, first nations art and to support venues to safely reopen with social distancing.

 

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