The Commercial Landlord Hardship Fund has been created in recognition of small, private landlords who may not have the capacity to provide rent reductions to their tenants under the requirements of the Commercial Tenancy Relief Scheme.
The Victorian Government is offering grants of up to $3,000 per tenancy to eligible small private, individual and joint-owner landlords, who are facing financial hardship after reducing rent for their tenants under CTRS requirements.
The Victorian Government has launched a $58 million grants program to help hospitality businesses prepare for COVID normal by creating safe outdoor dining spaces.
Under the Outdoor Eating and Entertainment Package, eligible businesses can apply for a grant of $5000 that can be used to pay for practical things like umbrellas, outdoor furniture, screens and other equipment needed for new, expanded or enhanced outdoor dining and food service. Applications are open until 11 December 2020 or until all funds are allocated.
The impacts of coronavirus are being felt by many of Victoria's small businesses. Get practical help with free online courses, live and on-demand events and a range of business resources to help you prepare for a strong recovery. Search for a course
What is the 'stress cliff' and how can you avoid it?
With small businesses working overtime to make it out the other side of the pandemic, many SME owners haven't had a chance to think about long-term effects of this lifestyle. Some call it 'pandemic panic' while others refer to it as the 'stress cliff'- the inevitable burnout that accompanies long hours, dwindling cash flow and huge disruptions to daily life. The stress cliff doesn't just affect you as a small business owner, it affects everyone around you.