Natural Disaster Relief Scheme Loans

Natural Disaster Relief Scheme Loans

Grants - Open grants, NSW Grants

Overview

This grant is ongoing.

This program aims to provide assistance to eligible applicants who are in a declared natural disaster area and have been directly affected by flood/fire/storm or any other declared natural disaster.

Grants available are up to:
– $130,000 for primary producers and small businesses
– $25,000 for non-profit organisations
– $10,000 for sporting and recreation clubs

Further assistance may be provided to sporting and recreation clubs and associations for clean-up and removal of debris. A grant of up to $2,000 is available to any single applicant from NSW Treasury.

Assistance under this scheme by its nature is not compensatory therefore applicants need to be in urgent and genuine need of assistance.

Applicants must lodge their application within six months of the date of the natural disaster.

Who Can Apply?

Eligible applicants include primary producers, small business operators, sporting clubs and non-profit organisations in NSW that must:
1. Primary producers
– Earn the majority of your GROSS income from primary production.
– Be in working occupation of the farm.
– Conduct their farming activities on a rural property within a Local Government Area that has been declared a natural disaster.
– Be in an urgent and genuine need for financial assistance.
– Demonstrate that:
a) If the required assistance were obtained commercially, their farming business would be placed in financial difficulty.
b) Their farming business has long-term viability.
c) Their farming business has the capacity to repay the loan sought.
– Provide security, acceptable to the NSW Rural Assistance Authority.
– Lodge an application within six months of the declaration of a natural disaster.

2. Small businesses
– Earn the majority of the gross income from their business enterprise.
– Be in working occupation of their business enterprise.
– Operate their main business enterprise within a local government area that has been declared a natural disaster and intends to re-establish within that local government area.
– Be in an urgent and genuine need for financial assistance.
– Demonstrate that if the required assistance were obtained commercially, the business enterprise would be placed in financial difficulty.
– Demonstrate that the business enterprise has long-term viability.
– Demonstrate that the total business enterprise has the capacity to repay the loan sought.
– Provide security, acceptable to the NSW Rural Assistance Authority.

3. Non-profit organisations
– Be registered or incorporated as a not-for-profit organisation.
– Perform a service to the community or environment and are funded by grants or donations.
– Not perform a commercial function, charge a fee for service or represent commercial or industrial groups (e.g. industry bodies).
– Be within an area declared a natural disaster and have suffered damage to facilities or other assets as a direct result of the declared disaster event.
– Demonstrate that the organisation does not have the financial capacity to meet restoration costs from its own resources or insurance.
– Demonstrate that the organisation has the financial ability to repay the loan sought.
– Be unable to obtain assistance through normal channels.
– Provide security, acceptable to the NSW Rural Assistance Authority.

4. Sporting and recreation clubs
– Operate within a local government area that has been declared a natural disaster and intend to re-establish within that local government area.
– Have suffered significant loss or damage as a result of a natural disaster.
– Be unable to effect the necessary repairs or replacements, which are not recoverable through insurance, from their own resources and have exhausted alternative sources of assistance.
– Be in urgent and genuine need of financial assistance.

Eligible Activities

Eligible activities include:
– Primary producers and small businesses
a) Essential working capital.
b) Replacement and repair of damage caused to the property and associated improvements not covered by insurance.
– Non-profit organisations
a) Restoration of essential facilities, equipment or other assets damaged or destroyed as a direct result of a declared disaster. These funds may also be directed towards temporary storage or leasing of alternate premises.
– Sporting and recreation clubs
a) Restoring essential facilities, equipment or other assets that have been damaged or destroyed by a declared natural disaster.

Restrictions

The following are ineligible for funding:
– Trading accounts
– Lease or hire purchase installments
– Interest on borrowings or loan repayments

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