9.3.2022

3 min

Disaster Recovery Funding for SMEs

Small businesses that were directly impacted by the recent SEQ rainfall and flooding event from 22 February to 7 March 2022 are now eligible to apply for Extraordinary Disaster Assistance Recovery Grants of up to $50,000:

  • $15,000 is available as an initial claim with evidence of direct damage including photographs, quotes, invoices, and receipts.
  • A further grant of up to $35,000 can be made available to support subsequent applications for which full evidence of payment is required. 

NOTE: Applications close 5th September 2022

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Eligibility:

Business premises location: Your business must be located in one of the following council areas

  • Brisbane City Council
  • Fraser Coast Regional Council
  • Gladstone Regional Council
  • Gold Coast City Council
  • Goondiwindi Regional Council
  • Gympie Regional Council
  • Ipswich City Council
  • Lockyer Valley Regional Council
  • Logan City Council
  • Moreton Bay Regional Council
  • Noosa Shire Council
  • North Burnett Regional Council
  • Redland City Council
  • Scenic Rim Regional Council
  • Somerset Regional Council
  • South Burnett Regional Council
  • Southern Downs Regional Council
  • Sunshine Coast Regional Council
  • Toowoomba Regional Council

Impact to your business: The grants are available to assist in clean-up, reinstatement activities and emergency measures. This includes costs incurred from:

  • Equipment and materials to undertake clean-up
  • Additional labour costs (above and beyond normal wage expenditure i.e., day-to-day staffing)
  • Disposing of damaged goods and stock, including associated costs
  • Repairs to buildings (other than housing)
  • Purchase or hire/ lease costs for equipment essential to the immediate resumption of the business
  • Payment for tradespeople to conduct safety inspections
  • Essential repairs to premises and internal fittings that is not covered by insurance
  • Replacement of lost or damaged stock if the replacement is essential for immediately resuming operations
  • Leasing temporary premises for the purpose of resuming operation.

Please note this recovery grant is not available for:

  • Repairs to a building the applicant lets to a person for residential or commercial purposes, unless the applicant lets the property in the course of operating a business (superannuation funds and personal investment vehicles are not regarded as businesses); or
  • If the small business is entitled to receive an amount under a policy of insurance for the relevant costs claimed; or
  • For loss of income as a result of the eligible disaster. 

 

How to Apply:

If you believe you are eligible for the Extraordinary Disaster Assistance Recovery Grants, or are looking for more information, please visit the QRIDA website (link below).

Apply online

QRIDA website

Please do not hesitate to reach out to Balanz should you require assistance with applying.

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