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.

Open

What do you get?

Funding of up to $50,000.

Who is this for?

Small to medium size Queensland businesses.

Overview

Examples of eligible highly specialised equipment includes, but is not limited to:

  • production equipment to meet otherwise unachievable growth demand
  • advanced manufacturing or digital equipment and systems
  • advanced logistics systems and equipment.

Applicants must be able fund at least 25% of project costs to purchase and implement the specialised equipment and also attend a Mentoring for Growth session prior to applying.

What are the eligibility criteria?

To be eligible, you must:

  • have been trading for at least 3 years
  • have a minimum turnover of $500,000 for the last financial year
  • have fewer than 50 employees at the time of your application
  • have an active Australian business number (ABN) and be registered for goods and services tax (GST)
  • be headquartered in QLD
  • have competitive opportunities in domestic or international markets
  • be experiencing growth and have clearly defined high-growth and employment opportunities in QLD
  • 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.

Funding for QLD small to medium businesses to buy highly specialised equipment