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15 March 2019: $50,000 grants now available for flood-affected small businesses, not-for-profits

15 March 2019

GRANTS of up to $50,000 are now available for small business owners and not-for-profit organisations directly affected during the flooding in North and Far North Queensland.

Hundreds of small businesses and not-profit organisations are estimated to have been directly impacted during the heavy rains and floodwaters in January and February, damaging their property, equipment and stock.

Small business and not-for-profit organisations in five local government areas including Cloncurry, Flinders, McKinlay, Richmond and Townsville are eligible to apply for the grants which have been increased from $25,000 to now up to $50,000.

Already more than $260,000 has been paid to small business owners in the affected areas.

QRIDA Disaster Recovery Manager Craig Turner said the grants could be used to help with the costs of hiring or leasing equipment or materials, removing debris, damaged goods and material, repairing buildings, replacing lost or damaged stock and other activities essential to clean-up and recovery works.

Mr Turner said the application process had been streamlined to help small business owners and not-for-profit organisations recover as quickly as possible.

“Many rural and regional communities depend on these small business and not-for-profit organisations so the quicker they can back to business, the better," Mr Turner said.

Mr Turner said QRIDA staff were still on the ground across the affected areas including the Small Business Recovery Hub in Townsville and other locations to answer questions and help with applications.

“Directly affected small business owners and not-for-profit organisations should get in touch with QRIDA to find out if they are eligible and how a grant or loan could help them get up and running again,” he said.

Initial grants up to $10,000 are available to help with immediate cleaning and reinstatement costs by simply providing evidence such as photographs of damage, plus quotes or estimates for repairs, even if insurance claims are yet to be finalised.

Subsequent grants above the initial $10,000 up to a maximum of $50,000 are available to help with additional cleaning and reinstatement costs which must be supported with evidence of damage such as invoices, proof of payment and insurances finalised.

In addition, a range of concessional loans are available including Disaster Assistance Loans of up to $250,000 to help in to re-establishing the normal operations of small businesses, and Essential Working Capital Loans of up to $100,000 to help with expenses such as paying salaries or wages, paying creditors, paying rent or rates and buying goods, including for example, fuel essential to carry-on the small business.

For not-for-profit organisations, Disaster Assistance Loans of up to $100,000 are available to help in re-establishing the normal operations of the organisation while Essential Working Capital Loans of up to $100,000 are available to help with expenses such as paying salaries or wages, paying creditors, paying rent or rates and buying goods, including for example, fuel essential to carry-on the non-for-profit activities.

For more information see qrida.qld.gov.au or Freecall 1800 623 946.

QRIDA administers financial assistance to disaster affected primary producers, businesses and non-profit organisations under the joint Commonwealth / Queensland Government funded Disaster Recovery Funding Arrangements 2018.

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QRIDA contacts -

Emma Clarke – 0403 944 902

Craig Turner - 0427 000 722

Latest as at March 15, 2019.

Last updated
15 March 2019