Source: SmartCompany.
Australian small businesses will be able to continue to access government-funded financial counselling and mental health support, with the 2024-25 federal budget providing funding for both.
In a budget measure labelled ‘Supporting Small Business’, the federal government said it will provide $10.8 million over two years, from 2024-25, to extend the Small Business Debt Helpline and the NewAccess for Small Business Owners program.
This is a similar level of funding that was allocated for the NewAccess program in the October 2022 federal budget, which also provided $4 million to the Small Business Debt Helpline.
Those funding allocations were due to end in December this year.
The NewAccess program provides free, tailored and confidential mental health support for business operators via telehealth sessions and is run by BeyondBlue.
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