Services to support small business will receive a cash injection in the 2022-23 NSW Budget.
Minister for Small Business Eleni Petinos said as a key provider of goods, services, and jobs, small business is at the heart of local communities, and that this funding from the NSW Government is vital.
“The number of small businesses in NSW grew by four per cent last year to almost 800,000 and about 98 per cent of all businesses in NSW, so it is critical to the economy and our communities that they have strong support,” Ms Petinos said.
The NSW Small Business Commission will receive $9.5 million over the forward estimates to boost mediation and support services for small businesses. The additional recurrent funding would provide ongoing support for small businesses as they recover from COVID-19.
