Support for small regional businesses
Drought Communities Small Business Support Program (DCSBSP): Support for small regional businesses
The Australian government has recognised that small businesses are the cornerstone of our regional communities and know that many are doing it tough at the moment and, to that end, has introduced the Drought Communities Small Business Support Program (DCSBSP).
Delivered through the Rural Financial Counselling Service (RFCS), the DCSBSP provides financial counselling to small regional businesses experiencing financial hardship in communities across Australia where economic downturn as a result of drought, bushfire or the COVID-19 downturn is having a major impact.
A Professional Services Fund of up to $5000 is also available to help businesses access specialist third-party advice, which includes financial planning, legal, specialist taxation and accounting advice.
Is your small regional business experiencing, or at risk of, financial hardship due to the impacts of drought, bushfire or COVID 19?
We understand this has been a difficult time for small regional businesses that rely on primary production and thriving communities to survive. To help businesses with the challenges they are experiencing and get back on their feet, the Australian Government is investing more than $16.2 million in small business financial counselling.
This is a free, confidential service where counsellors can give you individual support and create a tailored recovery plan. This support will run until 31 December 2021, and can help you to:
- understand your financial position and the viability of your business
- identify options to manage the financial issues of your business
- develop budgets and cash flows
- connect with government programs and assistance schemes
- identify long-term recovery options
- implement plans to improve the viability of your business
- create and implement an action plan to work towards your business goals
- negotiate with your lenders and access dispute resolution services
- identify other government and community grants, programs or schemes
- access broader professional advice and support
They can refer you to other professional services, including:
- Legal services
- Mental health services
To be eligible, you must:
- have 19 employees or less
- be experiencing, or be at risk of, financial hardship due to the impacts of drought, bushfire or COVID-19
- be located within a regional area
- be ineligible to access services under the existing RFCS Program
How we can help
If you need assistance with accessing the Drought Communities Small Business Support Program, or to access the Professional Services Fund, please contact your MB+M advisor on 03 5821 9177.
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