Business Growth Grant Helps Businesses
Business Advisory Services Updates
The Australian government, via the Entrepreneurs’ Program, operates the Business Growth Grant Program which is targeted at companies which operate in the following targeted segments:
- Advanced Manufacturing
- Food and Agribusiness
- Medical Technologies and Pharmaceuticals
- Mining Equipment, Technology and Services
- Oil, Gas and Energy Resources
Companies are eligible if their turnover exceeds $1.5 million (in Northern Australia $750,000) up to $100 million and have been in operation for at least 3 years.
Grants of up to $20,000, on a 50% funding basis, are available to enable the company to undertake virtually any activity which will contribute to an improvement in the company’s performance.
Eligible activities could include:
- Business Plans
- Budgets and Cashflow Forecasts
- Corporate Governance
- Business Review Meetings
- Workplace Health and Safety Advice
- Reduction in Waste
This is a great opportunity for accountants to introduce practical Business Advisory Services strategies to assist SMEs.
