Government extends small business support services

Small business advisory and support services are set to receive additional funding under the new federal budget, with plans to spend more than $30 million on existing services over the next four years.

The Small Business Advisory Service (SBAS), which first began in 2009, will receive an additional $27.5 million until 2016. The money will be used to fund professional business advisors able to provide assistance with legal, accounting and regulatory issues affecting small businesses. To date, more than 187,000 SMEs have used the service.

A small business advisory line will also be provided extra funding over the same period, in addition to the $7.1 million provided in last year's budget. The Small Business Support Line (SBSL) provides general financial and operational advice to smaller operations, proving popular among SMEs since its launch in 2009.

For small business information and referral services you can contact: 1800 777 275

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