Business Growth Grants
At a glance
You can apply for a business growth grant if you have received a business management service and your business adviser/facilitator recommends specific business improvement activities to increase your business’s capability to trade in Australian markets and/or markets in other countries. The grant amount is up to 50 per cent of eligible costs and the maximum grant amount is $20,000 (excluding GST).
Who can apply:
At a minimum, you must:
- have received a completed plan from an Entrepreneurs’ Programme Business Management advice or facilitation service
- have not previously received a business growth grant to implement recommendations from the plan under which you are applying.
Other eligibility requirements apply.
The guidelines for Business Management services have recently changed. You should review the Business Management Grant Opportunity Guidelines before applying.
If you have received a business management service and your business adviser/facilitator recommends specific business improvement activities to increase your business’s capability to trade in Australian markets and/or markets in other countries, you can apply for a business growth grant.
Business growth grants are small grants to engage external expertise to help you implement the recommendations in your plan. The grant amount is up to 50 per cent of eligible project costs. The minimum grant amount is $2,500 (excluding GST) and the maximum grant amount is $20,000 (excluding GST).
The grant is available to support strategies that improve the abilities and skills of your business to trade in Australian markets and/or markets in other countries. It is not intended to support fixes for problems that are part of ordinary, everyday operations of your business.
The grant period is 12 months. For each business management service you receive, you may only apply for a single grant to implement some or all of the recommendations in your plan.
To be eligible for a business growth grant, you must meet all of the following conditions:
- have received a completed plan from a business advice or facilitation service
- have not previously received a business growth grant to implement recommendations from the plan under which you are applying
- are applying within 12 months of receiving a completed plan from your advice or facilitation service unless otherwise agreed by the program delegate
- your project comprises eligible activities, as defined in section 4.4 of the Business Management Grant Opportunity Guidelines
- your project has at least $5,000 in eligible expenditure
- your project has not commenced.
If you have already received a business growth grant prior to the commencement of these guidelines but have not received funding for all recommendations under your completed plan, you may be eligible for one further opportunity to fund those remaining recommendations if:
- you have not received the maximum grant of $20,000
- you are applying within 12 months of receipt of your completed plan from your advice or facilitation service unless otherwise agreed by the Program Delegate
- your proposed activities meet the eligibility requirements in section 4.4 of the Business Management Grant Opportunity Guidelines
- your proposed activities have not commenced.
If you meet these conditions, you will have a single opportunity to apply for a grant up to a maximum of $20,000 less the amount of grant you have already received. Businesses that meet these conditions will receive application advice by email.
How to apply
You must have received a business advice or facilitation service to apply for a business growth grant, which is available to assist you to implement activities that your business adviser or facilitator has recommended in your completed plan.
To apply, you must log in to our online portal on business.gov.au, complete the application form and provide all the information requested. You are responsible for making sure your application for business advice and facilitation, and your application for a business growth grant, is complete and accurate. Giving false or misleading information is a serious offence under the Criminal Code 1995 (Cth). If we consider that you have provided false or misleading information we may not progress your application.
For assistance with the application form, contact us.
If your application is successful
We will contact with a response within 10 working days of receiving a complete application. You must enter into a grant agreement with the Commonwealth to receive a grant. You will have 12 months to complete your project.
We will manage the grant agreement through our online portal. Accepting the agreement through the portal is the equivalent of signing a grant agreement. After you have accepted it, we will execute the agreement. Execute means both you and the Commonwealth Government have entered into the grant agreement. We will notify you when this happens and a copy of the executed agreement will be available through the portal. The agreement will not become binding until it is executed.
We must execute a grant agreement with you before we can make any payments. You must not start any business growth grant activities until a grant agreement is executed.
How we pay the grant
Your grant agreement will state the:
- maximum grant amount we will pay
- proportion of eligible expenditure covered by the grant
- any financial contribution provided by you or a third party.
We will not exceed the maximum grant amount under any circumstances. If you incur extra costs you must meet them yourself.
We will pay 100 per cent of the grant at the end of the 12 month grant period, subject to completion of your project. We will pay you when you submit a satisfactory end-of-project report which demonstrates you have completed the project.
You may submit your end of project report before the end of the 12 month grant period and seek an earlier payment, subject to sufficient program funding being available at the time.
If you have incurred less expenditure than you estimated in your application, we will adjust your payment accordingly.