I absolutely love the Business Growth Fund! There is so much assistance available right now for small and medium sized businesses and I'm always on the look out for grants that may be of interest to my clients and the wider business community. This one is up to $50K and is a beauty.
The Queensland Government through Advancing Small Business Queensland has opened the Business Growth Fund Program. This is a fund for businesses who meet the eligibility criteria, submit a compliant application and are awarded the funding. It is very competitive - as you can imagine.
The equipment or service that you are applying for funding for must have a direct link to increasing employment or contributing to your business' growth strategy. If your application is successful, a single up-front grant payment will be made directly to the business.
Examples of what the funding can be used for include:
Examples of eligible highly specialised equipment or services include:
Organisations need to meet these criteria to apply:
Your business must have the potential for high-growth within the next 2 years. High-growth is generally considered to be a 20% increase in turnover or employment.
The applying business must have:
To learn more, please visit the Business Growth Fund Program webpage.