Australia boosts emergency funding for fire affected businessesChristian Fernsby ▼ | January 20, 2020
Australia today boosted emergency grants and loans for small businesses hit by bushfires that have ravaged the country during the peak tourist season.
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Several days of rain and a dip in temperature have reduced the number of active fires across the country’s densely populated southeast and given authorities an opportunity to focus on the recovery effort.
The federal government said it would increase grants for small businesses affected by the fires to A$50,000 ($34,400) each, from A$15,000 announced earlier, and offer loans up to A$500,000, interest-free for two years.
“The customers come back and the businesses rebuild and the local towns and communities rebuild with their support,” Prime Minister Scott Morrison told television network Nine Entertainment Co Holdings Ltd.
“My priority is to get the support into the communities where it’s needed.” ■