Legislation Updates News

Grant benefits for registered NT tradies

NT-based tradies and contractors can now register with the Jobs Rescue and Recovery Plan to provide work through the Home Improvement Scheme, Business Improvement Grants and Immediate Work Grants.

The $65m plan is aimed at protecting Territorians from the deep economic impacts of the coronavirus through creating new work opportunities, saving jobs, and helping businesses remain viable.

Among the new measures, tradies and contractors stand to benefit from the following stimulus grants:

$30m Home Improvement Scheme: Applications open from April 6, 2020.

Territory homeowners who spend $2,000 of their own money on renovations are being given up to $6,000 from the government. A $1000 homeowner contribution is eligible for a $4000 grant.

To help safeguard the livelihoods of local tradies during the COVID-19 crisis, the work must be carried out by a registered business in the Territory.

$20m Business Improvement Grant: Applications open from April 13, 2020.

All eligible businesses will receive up to $20,000 to purchase goods and services to make permanent physical improvements to their premises (land and/or building).

The first $10,000 will be paid as a grant, with no co-contribution required. An additional $10,000 will be available if the business pitches in $10,000 of its own funds.

The goods and services sought must be from an eligible Territory-based service provider who has registered through the Tradie/Contractor Program. Any improvements made must help to improve business operations and customer experience.

$5m Immediate Work Grant: Applications open from April 20, 2020.

Not-for-profit and community organisations that engage local businesses to do repairs, renovations and upgrades to their property and facilities can apply for grants of up to $100,000.

The first $50,000 will be paid as a grant, and the NT government will also match any renovation costs that exceed $50,000 on a dollar-for-dollar basis up to a maximum of $100,000 total.

The Jobs Rescue and Recovery Plan is the second stimulus package provided by the NT government. It comes on the heels of a $2m Tourism Reliance Package to protect tourism businesses and jobs.

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