Prospect helps struggling businesses - Network Prospect

Prospect helps struggling businesses

Prospect aids struggling local businesses with over $600,000 package – including rates rebate and stimulus for cafés and restaurants.

Mayor David O’Loughlin said, “Council’s COVID-19 Recovery Package of $620,000 has been endorsed because we want to set Prospect and our community up to rebound after the emergency. The package will also support winter sporting clubs so they can get through to the next season.”

“Not only will this package directly assist struggling small employers, it recognises that the most vulnerable members of our community deserve some extra TLC when they have had to isolate themselves for their own safety.”

The Council package has two major targets:

  1. Remitting rates for hard hit businesses in addition to waiving some fees and charges for businesses and the community – valued at $500,000
  2. ‘Prospect Delivers’ – delivering meals to our community’s vulnerable from our struggling café and food services sector – valued at $120,000.

The $620,000 Prospect COVID-19 Recovery Package is in addition to the improved hardship provisions for all community and business ratepayers to enable deferment of rates.

The waiving and remitting of rates is estimated to be $500,000, with 90% of this financial support to take effect immediately.

The key financial support includes rate remissions for commercial businesses which have been:

  • Forced to close or had their trade substantially impacted by Government regulation. These businesses will receive 100% remission for rates in the current quarter; and
  • Closed/substantially impacted on trade due to the impact of COVID-19These businesses will receive 50% remission for rates in the current quarter.

‘Prospect Delivers’ is designed to assist our local restaurants, cafés and food services sector over what we hope is a short-term disruption in trade resulting from COVID-19 restrictions. Prospect will print and distribute over 4400 vouchers valued at $25 each to be valid at any participating food delivery business located within the city.

“Prospect currently has 700 people registered as vulnerable members of our community who need special recognition, but we expect that to number grow through the registration campaign. This is a program that will directly connect the needs of two groups in our community who have been particularly affected: small local cafes and restaurants alongside our vulnerable, elderly and those with special needs” Mayor O’Loughlin said.

List of business fees and rates waived or remitted for COVID 19

The waiving and remitting of rates is estimated to be $500,000, with 90% of this financial support to take effect immediately.  

  • Rate remissions for commercial businesses who have been:
    • Forced to close or had their trade modified by Government regulation. These businesses will receive 100% remission for rates in the current quarter (Category A).
    • Closed/impacted trade due to impact of COVID-19These businesses will receive 50% remission for rates in the current quarter (Category B)*.
  • Waiving Village Heart Marketing Fund Separate Rate – fourth quarter 2019/2020 and first quarter 2020/2021
  • Waiving Leases & Licences – Winter Seasonal Hires 2019/2020
  • Waiving Payinthi & Nailsworth Hall Facility Hire
  • Waiving Footpath Trader Fees for 2020/21 and reimbursing all fees for the current year

For rates detail and more information, go to:

 

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Learn More about Prospect Delivers