Business Growth Fund Grants Program

Services provided by

Geoff Neil

 

Member of the Institute Management Consultants (IMC)

 

Mentor - Qld Gov't Mentoring for Growth Program

 

The Business Growth Fund Grants Program provides targeted assistance for small and medium businesses that demonstrate high-growth and employment aspirations. 

Available funding

Funding of up to $50,000 (excluding GST) may be provided to eligible businesses to purchase and implement specialised equipment or services (including Business Mentors and Coaches) to help them seize growth opportunities.

These purchases should enable businesses to move to the next stage of growth.

Successful applicants must provide a co-contribution of 25% to 50% of the total project cost. The government contribution will be determined by an assessment panel.

Eligibility criteria
To be eligible the business must:

  1. have a minimum trading history of 3 years

  2. have a minimum turnover of $500,000

  3. have a maximum headcount of 50 employees at the time of application

  4. have an Australian Business Number (ABN)

  5. have Queensland headquarters or significant Queensland operations

  6. have competitive opportunities in domestic or international markets

  7. be experiencing growth and have clearly defined high-growth opportunities

  8. declare if any owners or directors of the business are, or have previously been, bankrupt or insolvent.

 

This grant is targeted at established Queensland-based small businesses that are financially sound and have the potential for high-growth over the next 1 to 2 years. High-growth is generally considered to be a 20% increase in turnover or employment.

 

The participant must have a business plan in place, and the capacity to access finance to fund the growth of their business.

 

Participating businesses will need to have a clearly defined opportunity and plan for growth, and demonstrate how the funding will allow the business to achieve these goals.

IMPORTANT DATE  - Applications for the current round are now CLOSED. 

... and YES we can assist you in preparing your application !

WANT TO KNOW MORE ?

Call us now on 0422 040 956 or Contact Us or Email Us and we will contact you to discuss your situation, eligibility, and how we can help.

 

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