Business Daily Media

Business Marketing

.

Grants on Offer to Help Sydney's Small and Independent Restaurants Thrive


American Express announces the return of its Backing International Small Restaurants grant program in partnership with the International Downtown Association Foundation and the support of Restaurant & Catering Australia.

The program aims to support small independent restaurants with community significance, as they navigate the challenges of the current economic climate. Additional consideration will be given to restaurants operated by underrepresented and/or economically vulnerable members of the community.

Six Sydney restaurants will each receive $21,000 in grant funding to invest in the ongoing success of their business. All small independent restaurants in Sydney are encouraged to apply - especially those who are anchors within their local community and are facing hardship.

Naysla Edwards, Vice President of Brand, Marketing and Member Experience for American Express Australia and New Zealand, said: "Many small restaurants that are pillars of their local community are doing it tough right now and need extra support. This program aims to help alleviate some of the financial pressure they're facing so that they can continue to do what they do best - deliver extraordinary food and experiences for their customers." 

David Downey, Executive Director, IDA Foundation said, "We recognise the vital role that small, independent restaurants play in our communities. This program is a demonstration of our commitment to supporting these businesses and helping them thrive and succeed in the wake of ongoing economic challenges worldwide. It is an honour to implement this innovative work with the generous support of American Express."

Suresh Manickam, CEO of Restaurant & Catering Australia said: "This will provide much-needed financial relief to restaurant businesses across Sydney. We are proud to support a program that contributes to the ongoing prosperity of restaurant businesses and recognises the vital contribution they bring to the vibrancy and appeal of Sydney."

This is the second consecutive year Backing International Small Restaurants has run in Sydney, with year-one focusing on the historic Rocks area. Sydney is one of five major cities involved. Others include Mexico City, London, Tokyo and Toronto. To date, American Express has provided grants to more than 100 restaurants globally through this program and its U.S. Backing Historic Small Restaurants program.   

Backing International Small Restaurants builds on American Express' efforts to support small businesses year-round, including through its annual Shop Small campaign, a global movement that shines a spotlight on small businesses, American Express Delicious Month Out and other global "Backing Small" programs. 

To learn more about Backing International Small Restaurants, including eligibility and to apply, visit downtown.org/event/bisr. Applications close 8 July 2023.

Popular

Melt Ventures announces an initial $10 million to power the world’s most innovative hardware

Investors in Allegro Energy, Endua, MGA Thermal and more, announces new fund and doubles down on investment in long-duration energy storage  Melt Ventures, Australia’s first fund dedicated to advanced manufacturing, has today...

Data is giving small businesses big insights

Never before have small businesses had better access to the tools and capabilities that were once the privilege of only big businesses. Many in the business community feared that technology would widen the gap between local bu...

The Importance of Understanding Debt Loans

Debt loans have become an increasingly popular way for both individuals and businesses to manage their financial obligations. They offer borrowers the opportunity to borrow money from a lender and pay it back with interest over a ...