Help at hand for fire affected farmers and small business

Source: (State MP for Benalla) Bill Sykes Media Release

Nationals Member for Benalla, Bill Sykes, welcomes the inclusion of small business and primary producers within the scope of funding grants available for those affected by the Victorian Bushfires.

“This is a welcome extension to the range of grants currently being offered to those directly affected by the bushfires,” Bill Sykes said. “Small business and primary producers across the State have been hit hard by these fires and it is important that these sections of the community are not overlooked.”

The Victorian Government announced assistance for businesses and primary producers directly impacted by the 2009 bushfires on Wednesday, 18 February. The assistance package is made up of two components:

• Clean-Up and Restoration Grant
• 2009 Bushfire Assistance Loan
  

The Clean-Up and Restoration Grant is a one off grant of $5,000 for immediate repair and restoration costs with additional funds available up to a total of $25,000 for businesses and farmers who have sustained direct damage as a result of the 2009 bushfires. This may include damage to farm buildings, crops, pasture, stock, fencing and/or tools. The Clean-Up Grant will assist in the removal of debris, animal welfare and business restoration as well as the hire of tools, equipment, fencing repairs, materials, trades and services. Eligibility for the additional $20,000 will be assessed on the extent of damage.

The 2009 Bushfire Assistance Loan, accessed through Rural Finance Corporation, will assist small businesses and primary producers whose physical assets have been destroyed or damaged by bushfire. Loans for 15 years of up to $200,000 are available at a concessional rate of 3.2% for the first five years. As well as providing essential working capital finance, loans may be made for the replacement of lost or damaged structures, livestock, fodder and equipment.

“Small business and primary producers are an integral part of our community. I am relieved these groups have been recognised by State Government as needing specific assistance to help with the recovery process after the bushfires. We should be examining every possible means to ensure the rebuilding of rural Victoria has positive outcomes,” Bill Sykes said.

To sign up for business counselling and general business advice contact Business Victoria hotline on 13 22 15. Applications forms for the Clean-Up and Restoration Grant and the 2009 Bushfire Assistance Loan for primary producers and small businesses are available from www.ruralfinance.com.au or call 1800 255 925.