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The National Retail Association (NRA) has welcomed the announcement by the Queensland State Government to provide $100 million worth of grants to struggling small businesses suffering from the impact of COVID-19.

The program will see eligible small businesses apply for grants valued up to $10,000 to mitigate the economic impact of COVID-19.

NRA CEO Dominique Lamb said that retailers are appreciative of any help during the current turmoil.

“The NRA estimates that our members lost $1 billion in the month of March alone due to the impact of COVID-19,” Ms Lamb said.

“The fate of thousands of Queensland small businesses continues to hang in the balance and all support is welcomed.

“Retailers force to hibernate or limit their services need assistance with expenses ranging from financial and legal advice, the cost of restructuring and marketing costs. These and many more expenses will be covered by the grant which is good news.

“We will be encouraging all our members to see if they are eligible and will assist them if they need help in determining this.”