Lockdown Affected Vic Businesses Share $ 250 Million | Liverpool City Champion
Victorian businesses forced to close in the state’s fourth lockdown will be offered a lifeline of $ 250 million, although there is no support for direct workers.
The Victorian government on Sunday announced its much-anticipated support program to help businesses survive the seven-day shutdown.
The $ 250 million package includes $ 190 million in grants of $ 2,500 for businesses, $ 40.7 million in grants of $ 3,500 for alcohol license and food certificate holders, and $ 20 million. dollars for event planners.
It expects 90,000 small and medium-sized businesses and sole proprietorships to be eligible for the payments.
Treasurer Tim Pallas said the quarter billion dollar package was larger and wider than the one provided during the state’s snap lockdown in February.
“This is the biggest prorated package that this state or any state has provided,” he told reporters on Sunday.
The Treasury estimates that Victoria’s seven-day lockdown will cause a $ 700 million hole in the economy, but Mr Pallas would not be prompted to possibly extend the package if it drags on last Thursday.
“It hurts businesses. It hurts the workforce,” he said.
“We understand that we have an obligation to help and support them. That is exactly what we are doing.”
Industry groups have hailed the package after publicly pressuring the state government for immediate support, although some fear it is not enough.
“Compared to the cost to businesses of the foreclosure, the relatively small amount of support offered will be quickly swallowed up if the foreclosure continues beyond a week,” said Tim Piper, director of the Australian Industry Group Group at the Victorian.
Victoria Chamber of Commerce and Industry chief executive Paul Guerra added that the federal government urgently needs to follow suit with a JobKeeper-type wage subsidy.
“When Australians needed support in 2020, state and federal governments were there. Now is not the time for the federal government to abandon the Victorians,” he said.
Acting Prime Minister James Merlino and Mr. Pallas have both criticized the federal government for refusing to come to the aid of workers in Victoria in times of need.
“The Commonwealth’s point of view is that if they are short-term circuit breakers, states should pay for them,” Pallas said.
“Well, we pay. We pay very substantially, and I don’t think workers should pay.”
But Victorian opposition leader Michael O’Brien criticized the tactic, accusing the government of throwing “verbal hand grenades” to deflect blame for the lockdown.
“Attacking the federal government does not reopen Victoria. It does not bring Victorians back to work. It does not control the virus,” he told reporters.
Australian Associated Press