Support for small businesses financially impacted by COVID-19
For many small business owners, financial pressure is often one of the biggest sources of stress. Find out where you can get the latest COVID-19 support.
Since the start of the coronavirus pandemic, small businesses have continuously adapted to many new challenges. Despite these challenges, the small business community in Toowoomba has supported one another, showing remarkable resilience with new businesses opening throughout 2020 and 2021.1
The Ahead for Business team has been engaging with the Toowoomba small business community since mid-2020. The team heard from local small business owners that the transition to working more digitally was challenging. With lockdowns and social distancing restrictions, some business activities could no longer operate as they previously did. Many small businesses in the area moved their work activities online but did not feel the results were as effective or satisfying.
Despite some of these challenges, the small business community in Toowoomba fared relatively well. It is estimated that 8.3% of local businesses applied for JobKeeper, placing it at number 302/506 of Australia’s Local Government Areas requiring support2. While Toowoomba experienced moderate levels of revenue decline and the number of businesses requiring support compared with the rest of Queensland3, Toowoomba managed the effects of the pandemic well. Total employment in the area fell by 2.8% during the midst of the pandemic. However, Toowoomba is recovering, with employment now up 0.7% from pre-pandemic times as of March 20214.
With the unpredictable nature of COVID-19, small business owners continue to be faced with the challenges that come with restrictions and uncertainty. It is important to be prepared and proactive about looking after your mental health during these times. Taking care of yourself, even when you are feeling mentally healthy, will put you in a better position to cope when things aren’t going so well. There are many ways to look after yourself and improve your mental wellbeing as a small business owner in Toowoomba.
The Toowoomba Regional Council 2020/21 budget presented a $50 million pandemic response to assist the community with recovery from COVID-19. The relief supports the local community in complementary ways to state and federal government. As a business owner in Toowoomba, you can receive business support and council training for specific business needs.
Along with existing government supports, Business Queensland will have two new grants available for small businesses.
See the Business Queensland small business grants schedule to learn more about grants and programs for business recovery and growth.
For many small business owners, financial pressure is often one of the biggest sources of stress. Find out where you can get the latest COVID-19 support.
Adverse events, such as natural disasters or public health crises, can have a significant impact on the mental health and wellbeing of communities and individuals, especially small business owners.
Find out where you can get practical business and mental health support in Toowoomba.
Q&A with Emma Mactaggart of children's picture book publisher, Boogie Books.