Business Growth Fund Program QLD


The Business Growth Fund provides funding for small to medium businesses to purchase and implement highly specialised equipment to help them seize growth opportunities.
Open
Close date: 01 Aug 2020 12:00 AM AEST.
Application detail:

Applications may be made at any time until the budget is fully allocated.

 
What do you get?

Up to $50,000.

Who is this for?

Small to medium size Queensland businesses.

Overview

The Business Growth Fund Program provides targeted assistance for small and medium businesses on a growth trajectory to help them purchase specialised equipment that enables them to seize a growth opportunity.

Examples of eligible highly specialised equipment includes (but not limited to) the following:

  • production equipment to meet otherwise unachievable growth demand
  • advanced manufacturing or digital equipment and systems
  • advanced logistics systems and equipment

Previously the Business Growth Fund considered specialised services in proposals. By exception, we will consider proposals where the business will:

  • engage business consultants or advisors to provide advice (e.g. on business structures and governance, systems improvement, export and commercial negotiations)
  • intellectual property (IP) advice
  • engage an advisory board

If you wish to apply with a proposed component of specialised services, please seek prior approval by phoning 13 QGOV (13 74 68), or emailing grants@desbt.qld.gov.au.

Funding of up to $50,000 (excluding GST) is available and must be met by a co-contribution of between 25 and 50% of the total project cost.

What are the eligibility criteria?

To be eligible, you must:

  • have been trading for at least 3 years
  • have a turnover of $500,000 or more for the last financial year
  • have fewer than 50 employees at the time of your application
  • have an Australian Business Number (ABN) and be registered for GST
  • have competitive opportunities in domestic or international markets
  • be growing, or have clearly defined high-growth and employment opportunities in Queensland
  • not be insolvent or have owners / directors that are an undischarged bankrupt.

Find out more about the eligibility criteria at Business Growth Fund Program.

How do you apply?

Find out more about how to apply at Business Growth Fund Program.

Contact information