COSBOA Small Business Relief Fund

Small business funding available for those affected by COVID-19

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Funding is available for small businesses that have been affected by the COVID-19 pandemic via the Council of Small Business Organisations Australia. 

Small businesses can apply for the funding from Monday 25 May through the Council of Small Business Organisations Australia’s (COSBOA’s) Small Business Relief Fund. 

There are 67 grants of $10,000 each designed to assist businesses that are recovering from the effects of the pandemic. 

The fund has been made possible by a philanthropic donation from Salesforce. 

COSBOA said that the Small Business Relief Fund is aimed at supporting initiatives by small businesses to adapt and innovate in order to emerge from this challenging period in a strong position.  

The Council welcomes a wide variety of proposals from applicants. Proposals can be functional or innovative. It suggests that initiatives could include re-designing and re-modelling workspaces, upgrading or adapting a business’s digital presence, or a new approach to marketing. 

Assessments of each proposal will be based on the proposal and expected outcomes. 

COSBOA CEO Peter Strong said “We’re proud to team up with Salesforce to deliver much needed support for small businesses. We encourage every eligible small business to get in touch and apply, this money could be essential to getting your business back to work and back to growth.”

Successful applicants will be required to provide COSBOA with a video or written case study of implementing the proposal and the outcome. Proposals must be implemented by 31 December 2020. 

Who is eligible for the Small Business Relief Fund? 

Grants are available to businesses that have:

  1. An Australian Business Number (ABN)
  2. Between 2 and 50 employees
  3. Been in business since 1 March 2018
  4. An annual revenue between $150,000 and $2 million.

Full terms and conditions regarding eligibility and approved use of grant funds can be found here

How to apply for the Small Business Relief Fund 

Applications will open on the COSBOA website at 9am on Monday 25 May 2020, and close at 5pm on Monday 1 June 2020, Australian Eastern Standard Time. 

Eligible applications will be reviewed by a selection panel of three people and successful grant recipients will be announced on 29 June 2020.

For more information, visit COSBOA’s Small Business Relief Fund page

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