Government programs to help small businesses combat rising fuel costs
Dear valued customers:
We are all affected by the ongoing war between the US/Israel and Iran right now. As small business owners, our ability to pass on such fuel inflation may be more limited vs larger businesses, Everest Commercial Property & Business Brokers would like to remind owners that the following help from the government exist. Please try to get as much help as possible.
- Energy Transition & Grants
The Australian Government and various states offer grants to help SMEs transition away from volatile fossil fuel costs:
Energy Efficiency Grants for SMEs (Round 2): Eligible businesses can receive between $10,000 and $25,000 to replace inefficient equipment with electric or high-efficiency alternatives.
State-Specific Programs:
NSW: The Energy Performance Services Grant offers up to $50,000 for monitoring and improving energy use.
Victoria: The Victorian Energy Upgrades (VEU) program provides discounts on energy-efficient products like heat pumps and refrigeration.
South Australia: The Powering Business Grants program provides up to $75,000 in matched funding for energy efficiency projects.
- Government Support Initiatives
Fuel Supply Taskforce: A new federal taskforce led by Anthea Harris has been established to coordinate fuel security and prevent regional supply shortages.
ACCC Monitoring: The ACCC has been directed to closely monitor for price gouging at the bowser to ensure SMEs aren’t being exploited beyond market increases.
