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Australia boosts emergency funding for fire affected businesses

Christian 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.
Australia fire
Weather in Australia   Australia fire
The fires have killed 29 people and millions of animals, destroyed more than 2,500 homes and razed an area roughly a third the size of Germany since September.

Topics: Australia emergency funding fire

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.”