New small business counseling and financial guidance program launched

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Jane Howlett, Minister of Small Business

The Tasmanian Liberal government understands the significant impact COVID-19 has had on many of our small businesses and has recognized the need for them to have access to expert advice to help them recover.

That’s why I’m pleased to announce that applications for the $ 1.2 Million COVID-19 Small Business Financial Guidance and Guidance Program have been opened today.

This new program aims to provide eligible small businesses with access to specialized financial and other business advisory services to help businesses recover, transition, grow or implement other strategies to deal with the impacts of the COVID-19 pandemic.

Eligible applicants will receive a grant of between $ 750 and $ 1,500 to obtain financial or other counseling services, including:

  • Advice, support or advice to deal with financial or operational difficulties encountered by the company;
  • Developing risk management strategies;
  • Strategic analysis;
  • Formulating strategies to help businesses cope with the impact of COVID-19;
  • Development of business plans and governance frameworks; and
  • Advice on pivoting, diversification, product innovation, marketing or strengthening an online presence.

This support comes on top of the Tasmanian and Commonwealth governments’ $ 70 million supercharged business support program, which is already providing relief to business operators affected by current border closures. More than $ 21 million in funding has already been distributed to more than 1,300 companies.

For more details on the new COVID-19 Small Business Advice and Financial Guidance program and to apply, please visit: https://www.business.tas.gov.au/covid-19_business_support_packages/covid-19_small_business_advice_and_financial_guidance_program

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