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Business Insights – 20th October 2021 – Exclusive for VIC Construction sector

I’m here with and exclusive update for businesses in the construction sector (builders, carpenters, landscapers, plumbing contractors, electrical contractors, general trades).

We’ve been keeping an eye out for the grant for Tenfold Victorian clients in the construction sector, and I can confirm that it has now opened.

The grants are worth $2,800 – $8,400 (rising with your payroll) per week for the 2 weeks Vic construction was locked down.

Please note, those of you who received funds under the Hardship Fund, will not be eligible to apply. If you think you’re eligible, you’ll need to have an ANZSIC construction code such as:

3011 – House Construction
3221 – Concreting Services
3223 – Roofing Services
3231 – Plumbing Services
3232 – Electrical Services
3233 – Air Conditioning and Heating Services
3242 – Carpentry Services
3244 – Painting and Decorating Services
3291 – Landscape Construction Services

See the full list of eligible codes here: https://business.vic.gov.au/grants-and-programs/business-costs-assistance-program-round-four-construction/eligible-anzsic-classes. If your current ANZSIC code isn’t on the list but you think you may be eligible, speak to a Tenfold business coach.

Businesses with an eligible ANZSIC construction code can apply here: https://business.vic.gov.au/grants-and-programs/business-costs-assistance-program-round-four-construction

Applications are open until 11:59pm on 9 November 2021 or when funds are exhausted, whichever is sooner.

Specific grant eligibility:

  • You haven’t been approved for the hardship fund or previous BCAP grants
  • Your business must have been due to work at a construction site in one of the lockdown LGAs of:
    • Metropolitan Melbourne
    • The City of Greater Geelong
    • Mitchell Shire
    • Surf Coast Shire

(Note: Your business can be located anywhere in Vic, it’s only the construction site location that needs to be in a locked down LGA to be eligible)

Tenfold coaches assisted many of our clients calculate their eligibility for the hardship grant worth $20K, so this latest round of low-level funding for construction may only be available to business who were eligible but chose not to apply at that time.

If you are interested in applying for this grant, a Tenfold business coach will help you assess your eligibility.

Ash

Ashley Thomson B.Eng. (Hons), Grad. Dip. Mgmt, MEI
Managing Director
Tenfold Business Coaching

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