ACT FAST !!!!

Have your Clients apply for the exciting new

Queensland Business Growth Grant

STARTS 31/05/2022 (available for a limited time)

Don’t risk your clients missing out by doing it themselves
Have them submit with confidence do it professionally

Read details below to find out your eligibility

Queensland Business Growth Fund

The Business Growth Fund grants program (Program) targets small-to-medium high-growth businesses who can accelerate growth, drive the Queensland economy and employ more Queenslanders.

The grant funding assists the business to purchase and implement highly specialised equipment to enable the business to move to the next stage of growth.

Program Outcomes

Funded businesses are expected to increase business confidence by:

improved growth transitioning from small to medium sized;
increase productivity, turnover, profit and employment by 20%; and
automating, scaling-up, increasing market share, diversify and/or exploit exporting opportunities.

If successful, applicants will receive a single up-front payment of up to $50,000 (excluding GST) and not less than $25,000 (excluding GST).

A co-contribution from the applicant of at least 25% of project costs to purchase and implement the specialised equipment must be provided.

Who Can Apply?

Established small and medium-sized Queensland businesses that are financially sound and have the potential for high-growth within the next two years.

The applying businesses must have a Business Plan in place, as well as the capacity to access finance to fund the growth of their business.

If your client does not have a Business Plan, this is an opportunity for your firm to assist. ESS BIZTOOLS has a full range of Business Plan preparation material available. Please contact us for details.

Eligibility Criteria

To be eligible the business must:

have a trading history of a minimum of three (3) years at the time of applying for the grant;
have a minimum turnover of $500,000 for the last financial year;
have fewer than fifty (50) employees at the time of applying for the grant;
have an Australian Business Number (ABN) and be registered for GST;
have Queensland headquarters;
be experiencing growth and have clearly defined high-growth and employment opportunities in Queensland; and
not be insolvent or have owners/directors that are undischarged bankrupt*.

Eligible Expenditure

The grant funding must be used to purchase specialist equipment to meet business growth. The equipment must have a direct link to increasing employment and maximising economic returns.

Project Completion

It is intended that the grant funded activity be started, completed and expected benefits determined within twelve (12) months of receiving approval.

Important Dates

Stage 1 - Expression of Interest (EOI) opens at 9.00am 31 May 2022.
Stage 1 - Expression of Interest (EOI) closes at 5.00pm on Thursday, 30 June 2022.

ACT FAST !!!!

Have your Clients apply for the exciting new