Business update: Jobs Rescue and Recovery plan
An update for businesses on the support available due to the coronavirus (COVID-19) crisis.
Home Improvement Scheme
The Home Improvement Scheme will close to new applications on Friday 17 April 2020 at 5pm.
All applications submitted before this time will be assessed and, if approved, they will be honoured.
Applications will be assessed and approved in stages so that the work is spread over the next 12 months.
Small Business Survival Fund
An additional $20 million has been released from the Small Business Survival Fund (SBSF) to support industries such as hospitality, tourism, retail and entertainment businesses.
The new funding is flexible for businesses to meet their immediate needs and provides ongoing payments to help cover operational costs, such as rent, utilities and to make invoice payments as well as to support workers that are not eligible for the JobKeeper payment such as some casual workers, recently employed workers and visa holder workers.
Payments will be made over eight weeks with businesses eligible for fortnightly payments depending on the number of employees.
Businesses that applied for the SBSF immediate survival payment, a one off lump-sum payment for businesses to help offset immediate cost pressures, will automatically be assessed for eligibility against the new payments. There is no need for businesses to reapply.
More information about the Small Business Survival Fund can be found on the Business Recovery website.
Many Territory businesses have applied for the fund. Our team are working through applications as quickly as possible.
If you have already applied and there were gaps / missing information in your application, it is important that you have this information at the ready when our team contact you.
Having this information readily available will help our team to process your application more quickly.
Please direct any questions regarding your application to email@example.com
Apply now for a Business Improvement Grant
Territory businesses can apply now for a Business Improvement Grant as part of the Territory Government's Jobs Rescue and Recovery plan.
All eligible Territory businesses will be able to access a $10,000 grant. For work valued at more than $10,000, the co-contribution by the Territory Government is limited to $10,000 on a dollar-for-dollar basis up to a maximum grant of $20,000.
You can use the grant to purchase goods and services to make permanent physical improvements to a business (land and / or building) that help its operations and customer experience.
Each business is only eligible to receive one grant, and it can be used to complete one or two different jobs on the premises.
The upgrades and purchases have to be from another Territory business.
You can find the full details of the Business Improvement Grants on the Business Recovery website.
Immediate Work Grants
Applications for not-for-profits and community organisations open on 20 April 2020.
Grants of up to $100,000 will be given to Northern Territory (NT) not-for-profits and community organisations to engage local businesses to do repairs, renovations and upgrades to their property and facilities.
You can find the full details of the Immediate Work Grants on the Business Recovery website.
Home and Business Battery Scheme
NT home owners, businesses, not-for-profit organisations and community organisations can apply for a $6,000 grant for battery installations through the Home and Business Battery Scheme.
The scheme has been designed to support the NT Government's plan for 50% renewable energy by 2030, while maintaining secure, reliable and affordable power for Territorian homes and businesses.
You can use the grant to buy and install solar PV systems with an eligible battery and inverter or, for those who already have solar, for the purchase and installation of an eligible battery and inverter.
New installations will receive the standard Jacana Energy feed-in tariff (FiT). The rate is 8.3 cents per kilowatt hour.
If you already receive the premium FiT from Jacana Energy, and access the Home and Business Battery Scheme, you will be transferred to a standard FiT.
For more information and to apply go to the Northern Territory Government website.
Relief from operating costs charged by government
Territory business that demonstrate substantial hardship* due to the coronavirus (COVID-19) crisis will be eligible for the following:
- payroll tax abolished for six months - if you are a small or medium-sized business
- payroll tax deferred for six months - if you are a large business
- power, water and sewerage bills cut by 50% (all businesses) for six months.
Businesses can apply from 1 May 2020.
Territory businesses who need relief on the cost of their lease will receive extra support.
The following conditions apply:
- commercial tenants must demonstrate economic hardship* and request rent relief - landlords will be expected to negotiate relief in line with the code of conduct for commercial tenancies,
- if they do this, they will also be eligible to receive payroll tax and utilities bills relief.
The government will also waive the property activation levy for relevant landlords whose property becomes vacant due to the coronavirus (COVID-19) crisis.
Rate relief from councils
Local councils may provide relief for six months through a three-month rates waiver, followed by a three-month rate deferral in certain situations.
Contact your local council for support available to businesses.
*Businesses with less than $50 million turnover who have experienced a reduction of turnover of more than 30%.