Round 3 of the Business Boost Grant Program is scheduled to open at 9am on Wednesday, 6 September. The first stage of the competitive application process is a ‘Registration of Interest’ which is due by 5pm on Tuesday, 12 September.
The Department of Youth Justice, Employment, Small Business and Training is funding $10,000 – $20,000 for successful applicants. Funding will be provided once the accepted project has been completed and acquitted (up to 12 months from approval date). A 50% co-contribution from the applying entity must also be met.
The program assists small business to enhance their efficiency and productivity. Support includes funded activities in three priority areas:
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Future Planning
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Specialised and automated software
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Planning and systems for staff management and development
Eligible entities will have:
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between 2 and 19 employees (by headcount);
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an active Australian Business Number (ABN);
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GST registration;
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established and financially sound business experiencing growth and a minimum turnover of $300,000 in the last financial year (2022-23);
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a publicly accessible web presence to identify business operations (for example, business website, social media pages);
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NOT received funding under Round 1 or 2 of the Business Boost grants program; and the ability to declare that they are not insolvent and any owners/directors of the business are not an undischarged bankrupt or currently bankrupt
If you have any questions on the above please do not hesitate to contact our team on (07) 4052 0800.
Sarah Larsen,
Business Advisory Accountant
