Small businesses are the backbone of our economy. The Morrison Government is supporting them.

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Dear John,

Small businesses are the backbone of our economy. The Morrison Government is supporting them.

We’ve cut taxes to 25% for businesses with a turnover under $50 million.

We’ve increased the instant asset write off to $30,000 and are continuing to reduce red tape.

One of the most important issues impacting small business is access to capital.

That’s why we are establishing Australia’s first Business Growth Fund.

It will have $540 million to invest in small and medium-sized businesses. This will fill a gap in the market.

You can read more about the Business Growth Fund here. ([link removed])

This new financial support will help small businesses grow, innovate, invest and create more jobs.

It’s part of our plan for a stronger and more resilient economy.

Yours sincerely,

Josh Frydenberg
Treasurer


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