With cost pressures rising and confidence falling, the last thing small businesses needed was another blow, but that's exactly what they've received.
The axing of the Partners in Wellbeing small business support program will leave thousands of Victorian businesses without essential assistance amid a worsening economic crisis.
The service provided wellbeing support, business advice, and financial counselling to business owners, their staff, and families.
Recent data has revealed that in the past financial year, Victoria has experienced the greatest surge in insolvencies compared to any other mainland state:
- A 50 per cent increase compared to the same time a year ago.
- A 99 per cent increase compared to the same time two years ago.
These figures highlight the escalating challenges faced by small businesses, particularly in the hospitality and construction sectors.
Leader of the Opposition and Shadow Minister for Small Business, Brad Battin, said small businesses are doing it tough, and this is just another blow.
"Labor's decision to scrap the Partners in Wellbeing program is a betrayal of the 600,000 small businesses that are the backbone of our economy," Mr Battin said.
"At a time when support is most needed, the government has turned its back on those striving to keep their businesses afloat.
"The Allan Labor Government's failure to extend critical support programs is not just negligent - it's destructive.
"Small business owners are being left to navigate rising costs, reduced consumer spending, and aggressive debt recovery efforts without the necessary support.
"The Liberals and Nationals are committed to supporting small businesses. We call on the Allan Labor Government to reinstate the Partners in Wellbeing program."
The Liberals and Nationals have committed to scrapping five taxes - including the emergency services tax - to help small businesses thrive.
