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Funds for small business to revive and thrive

Small businesses struggling as a result of the Coronavirus (COVID-19) pandemic can apply for much needed funding from Monday 25 May through the Small Business Relief Fund managed by COSBOA. There are 67 grants of $10,000 each designed to assist businesses that are recovering from the effects of the pandemic. This fund has been made possible by a philanthropic donation from Salesforce.

Applications will open online at at 9:00am on Monday 25 May 2020 and close at 5:00pm (AEST) on Monday 1 June 2020. Eligible applications will be reviewed by a selection panel of three people and successful grant recipients will be announced on 29 June 2020.

The Small Business Relief Fund is aimed at supporting initiatives by small businesses to adapt and innovate in order to emerge from this challenging period in a strong position. COSBOA would like to welcome a wide variety of proposals from applicants. Proposed initiatives could address re-designing and re-modelling of workspaces, upgrading or adapting a business’s digital presence or a new approach to marketing.

Grants are available to businesses which have:

1. An Australian Business Number (ABN).

2. Between 2 and 50 employees.

3. Been in business since 1 March 2018.

4. An annual revenue between $150,000 and $2 million.

Full terms and conditions regarding eligibility and approved use of grant funds can be found on the COSBOA website:

Peter Strong, CEO, COSBOA said: “We’re proud to team up with Salesforce to deliver much needed support for small businesses. We encourage every eligible small business to get in touch and apply, this money could be essential to getting your business back to work and back to growth.”

Minister for Small and Family Business, Senator the Hon. Michaelia Cash said the grants would be a much needed boost for the successful small businesses and will complement other support that the Government has provided: “COVID-19 has had a considerable impact on businesses in Australia and these grants will help small businesses to get through this period, innovate, employ and grow into the future.”



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