$877 million flood recovery package announced

$877 million flood recovery package announced
$877 million flood recovery package announced

The Australian and Victorian Governments have announced an $877 million Recovery Support package, supporting businesses, farmers, and not-for-profits to rebuild and return to trade as quickly as possible, following the recent devastating floods.

Grants of up to $50,000 are available to eligible businesses and not-for-profit organisations to support recovery efforts including rebuilding damaged infrastructure and replacing damaged assets.

To help businesses navigate through the recovery period, more than $22 million has been made available for support services to facilitate the development of recovery plans, provide mental health support and assist in grant applications.

In addition, Business Chamber and Trader Groups Programs will be established to enable locally led solutions for business activation.

Recovery grants of up to $200,000 will also be available for medium and large businesses directly impacted by the floods.

To assist primary producers and rural landholders, grants of up to $75,000 will be available as part of a recovery support package – complementing the existing Primary Producer Concessional Loan Program, announced last week.

The Primary Producer Recovery Support package will accelerate agricultural recovery and ensure rural and regional Victorians have access to expert advice and support.

Sporting and recreational clubs that have been impacted by the floods are eligible for a $5000 grant to assist them with their recovery.

Any grant received through the existing $5,000 Small Business Immediate Flood Relief and $10,000 Primary Producer Flood Relief programs will be included in the maximum amounts available through the recovery grants.

November 01, 2022