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$5000 compensation now available for lockdown-affected small businesses

A closed sign hanging in a shop door.

By Gabriella Marcelline

As Brisbane finds itself amidst another lockdown, multiple non-essential services have been forced to close. In response to the losses that these small businesses will inevitably face, the Queensland Government has increased financial support. 

Queensland Premier Annastacia Palaszczuk has actioned $5,000 payments to affected small and medium Queensland businesses. 

Treasurer and Minister for Investment, Cameron Dick, said the COVID-19 program will assist these non-essential businesses throughout lockdown.

“The lesson we have learned from COVID-19 is that we must always act fast and decisively,” the Treasurer said.

“To date, Queensland’s economy has recovered quickly from short sharp lockdowns, but we have seen the damage the delta strain is causing in other jurisdictions.

“Two lockdowns within a month presents a new challenge, which is why I am announcing this package today.”

Through these payments, the provided cash flow will lend support to impacted businesses inside and outside of lockdown areas.

Di Farmer, Minister for Employment and Small Businesses, stressed the importance of supporting these services.

“Small businesses are our friends and neighbours. They are the lifeblood of our communities,” Minister Farmer said.

“We are living through some incredibly challenging times, and I want to acknowledge and thank small businesses for all they have done.”

Applications for grants will open from mid-August.

Working from home

The work-from-home phenomenon injected $1.2 billion more in Brisbane suburbs over the first six months of 2021 compared to the same period in 2019.

Brisbane’s Lord Mayor Adrian Schrinner said the figures indicate that the new working system has helped lead to a massive surge in spending on food, retail and household goods in Brisbane’s suburbs.

The top 10 suburbs where local spending has increased the most include Moggill (783%), Stafford Heights (137%), Willawong (132%) and Pinkenba (123%).

The figures show spending in local supermarkets, retail outlets and cafes and restaurants, and household goods stores like hardware outlets all increased significantly.

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