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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.

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What do you get?

Funding of 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 goods and services tax (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

How do you apply?

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

Contact information