Business Survival

13 October 2020

Business Survival

An increasing number of small business operators have been contacting me concerned that their business may not survive ongoing restrictions and pandemic impacts, as federal income support payments and emergency provisions for loans and leases are scaled back, particularly in the CBD and in hospitality, tourism, retail and the arts. I’ve asked the Treasurer to protect lessees and landlords in commercial leases where businesses cannot continue: HERE.

The minister has told me to refer business operators to Service NSW for information and advice: HERE or phone 13 77 88.

In response to my questions about support for small businesses with serious viability risks, the minister says the government has expanded the Business Connect program, which has specialist finance and planning advisors who can work with individual businesses: HERE. My questions in Parliament: HERE.

Let's work together to celebrate and protect our great city!

 

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