Up to $20,000 in support payments to cover wastage
The SME Summer Holiday Stock Guarantee will be available to businesses with an annual turnover between $75,000 and $50 million.
Businesses selling perishable goods can apply for a grant of up to $20,000 to compensate for loss of stock if a local lockdown occurs and restrictions reduce their capacity to sell goods, while businesses that sell non-perishable items can apply for up to $10,000.
While the NSW government is yet to release the full eligibility requirements, the grants will be for small and medium businesses affected by public health orders between December 1, 2021 and January 31, 2022.
The grants highlight the government may enforce snap restrictions in localised areas of the state over the summer to prevent the spread of the coronavirus.
Treasurer Matt Kean said the government acknowledges how devastating it is for businesses and their employees when they have to shut due to COVID-19.
“The grants will make it easier for businesses to manage their stock with confidence,” Kean said