The Tasmanian Government has allocated $20 million in interest-free loans to small businesses in the hospitality, tourism, seafood production, exports sectors, and other businesses that have been severely affected by the Covid-19 pandemic. The loans will be available to businesses with a turnover of less than $10 million for business continuity, equipment purchase, improving online shopping and distribution channels, and other sustainability and viability measures. The loan amount starts from $20,000 up to a maximum of $250,000, and is interest free for the first 3 years.
Up to $250,000
This grant provides subsidies to small businesses in building, construction, tourism, hospitality and manufacturing if they hire a new apprentice or trainee. Subsidies of up to $5,000 are provided for each apprentice or trainee employed on a full-time basis, and $2,500 for each apprentice or trainee employed on a part-time basis. Subsidies are provided in two equal payments 6 months and 12 months after the commencement of the training contract of the new apprentice or trainee. To be eligible, you must: undertake activity in one of the nominated target industries as your main business activity not be liable to pay Payroll Tax to the Commissioner of State Revenue for the individual apprentice or trainee within the financial year that the application is lodged employ the apprentice or trainee in a workplace physically located in Tasmania