The Australian and Queenland Goverment have jointly funded the Disaster Recovery grants and loans. This range of grants and loans are available to support businesses and communities impacted by the rainfall and flooding in South East Queensland during 22 February to 7 March 2022.
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.
Should you have any questions or need assistance, please contact your 4Front Advisor.
We’re mindful that business owners and individuals will be finding this time extremely stressful. We encourage you to reach out to support services that are available to assist during this time. Click the images below to visit each website.
