Monday 07 March 2022

Disaster Support for Businesses

A range of grants and loans have been made available to support businesses and communities impacted by the South East Queensland rainfall and flooding, 22 February – 7 March.

This support is being made available through the Australian and Queensland Government’s jointly-funded Disaster Recovery Funding Arrangements.

Applications for these grants and loans are managed through QRIDA. You can review the eligibility and other requirements on the QRIDA website at www.qrida.qld.gov.au.

Businesses and not-for-profits organisations

Recovery grants of up to $50,000 are available with $15,000 paid upfront and the balance paid if needed, once proof of payment is provided. This grant can be used for clean-up activities, repairs including damage to equipment, flooring and walls, and to replace lost stock.

Disaster Assistance Loans offer up to $250,000 for up to 10 years at a concessional rate. This loan can be used to repair or replace damaged plant, equipment or buildings, replace stock or meet carry on costs including rents or rates.

Disaster Assistance Loans (Essential Working Capital) offer up to $100,000 for up to 10 years at a concessional rate. This loan can be used to pay staff, creditors, rent or rates and purchase goods that are essential for your business such as fuel.

Primary producers

Recovery grants of up to $75,000 are available with $15,000 paid upfront with evidence of damage and an additional payment of up to $60,000 if needed, once proof of expenditure is provided. This grant can be used for various clean up and reinstatement activities including salvaging crops and repairing damaged farm infrastructure and equipment.

Primary producers can also apply for Disaster Assistance Loans and Disaster Assistance Loans (Essential Working Capital) similar to those for small businesses and not-for-profit organisations.

Sport and community clubs and associations

Sport and Recreation Recovery Grants offer up to $20,000 for eligible clubs and associations to clean up and repair or replace damaged or lost equipment.

Local governments

 

$1 million for each of the 19 affected local governments for relief, recovery and resilience activities in their communities.