Skip links and keyboard navigation

5 April 2019: $2m paid to flood-affected small businesses in Townsville

5 April 2019

CLOSE to 200 Townsville small business owners directly affected during historic flooding in February have been paid close to $2 million in recovery and clean-up grants.

Queensland Rural and Industry Development Authority has paid $1, 990, 372 to directly flood-affected Townsville small businesses including cafes and restaurants, car retailers, vets, hairdressers, health professionals and construction businesses to help them get back to business sooner.

The grants are part of more than $43 million approved to date for small business owners, primary producers and not-for-profits in 14 local government areas across the disaster area. An average of close to $1m in grants is approved and paid every day.

QRIDA Disaster Recovery Manager Craig Turner said directly-affected small business owners could apply for Special Disaster Assistance Recovery Grants of up to $50,000.

Initial grants of up to $10,000 are available even before insurance outcomes have been finalised.

The grants can 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.

“Small business is vital to the Townsville economy, creating jobs and providing services to the community, so it is important for those affected during the flooding in Townsville to get back to business as soon as possible,” Mr Turner said.

“Some business were able to re-open within weeks of the disaster event with the help of an initial $10, 000 grant, even before they knew the outcome of their insurance claims.  Those business owners can apply for another $40,000 depending on their insurance outcomes.”

Mr Turner said the application process had been streamlined to help those directly affected recover as quickly as possible.

“Directly affected small business owners 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.

QRIDA staff are 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.

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 up to a further $40, 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 for indirectly impacted businesses to help with expenses such as paying salaries or wages, paying creditors, paying rent or rates.

Affected small business owners can also speak directly to experienced QRIDA staff for assistance via Freecall 1800 623 946 or at the Small Business Recover Hub in Walker St, Townsville.

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.

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

-------------ENDS-------------

QRIDA contact

Emma Clarke: 0403 944 902

Craig Turner: 0427 000 722

Last updated
5 April 2019