NSW LABOR CALLS ON THE GOVERNMENT TO PRIORITISE SMALL BUSINESS SUPPORT

NSW LABOR CALLS ON THE GOVERNMENT TO PRIORITISE SMALL BUSINESS SUPPORT

NSW Labor is calling on the Government to prioritise the coordination of financial support for small businesses impacted by the Greater Sydney lockdown with reports that over half of the 130,000 businesses who have applied, yet to receive a single cent.

The NSW Government has repeatedly assured businesses that they would be supported through this crisis with payments for businesses suffering a downturn of 30 per cent or more. Despite these promises many small businesses have been left waiting as the Government has been unable to manage the demand for support.

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NSW Labor leader Chris Minns said so many small businesses have made massive sacrifices to keep our community safe, but many are hanging on a knife’s edge with huge losses of income and reduced cash flow.

“We are six weeks into lockdown and many small businesses are yet to receive the financial support that was promised to them. It’s unacceptable. Small businesses are the lifeblood of the NSW economy with support lagging, there will be many businesses who will find it difficult to recover,” Mr Minns said.

“These are real people trying to keep their businesses afloat. Every day that support is delayed is a day closer to more businesses being unable to recover once this lockdown ends – people’s livelihoods are at stake.

Shadow Minister for Small Business Steve Kamper said, “We really are asking a lot of small businesses to keep the community safe. The least we can do is ensure the proper financial support is available and flowing fast.

“Support is needed now – there is too much at stake, for individuals, families, communities and the state’s economy,” Mr Kamper said.