As part of the recently developed economic recovery plan, the Queensland Government has announced three new grants to support small business.
The grants are designed to provide a further $25 million to small businesses to help them to survive and thrive amidst the pandemic.
Business Growth Fund (BGF) – $50,000
The BGF targets high-growth businesses who can accelerate growth, drive Queensland’s economy and employ more Queenslanders.
This grant is designed to assist small and medium sized businesses to take advantage of growth opportunities by funding the acquisition of highly specialised equipment.
There are three stages to the Application Process.
Applications for first stage open on 11 May 2021 and will close once funding is exhausted.
Further information on eligibility and the application process can be found at:
https://www.business.qld.gov.au/starting-business/advice-support/grants/growth-fund
Business Basics Grant – $5,000
The Business Basics program provides grants of up to $5,000 to new and emerging business to fund their core capabilities and adopt current best practices.
Applications for this grant will open on 31 May 2021.
Business Boost Grant – $15,000
The new Business Boost provides funding of up to $15,000 for established small businesses to support organisational development and upgrades through automated software and CRM systems.
The Queensland Government has indicated that the following categories of expenditure might also qualify for grant funding:
– Advisory Services
– Business Planning and Succession
– Website Development
– Strategic Marketing
– Training and Coaching
Applications for this grant are expected to open late July 2021.
Additional information about these grants is available at:
https://www.business.qld.gov.au/starting-business/advice-support/grants/schedule
If you would like to find out more about these grants, please contact the Halpin Partners team on (07) 4052 0800.
