Tech Central Scale Up Accommodation Rebate NSW


This program provides rebates on eligible rental and fitout costs to NSW technology businesses located in Tech Central.
Open

Closes in 389 days

Closing date: 16 Jun 2023

What you get?

The maximum rebate amount is $1,940,000.

Who is this for?

New South Wales technology businesses in the scale-up phase of their growth.

Overview

This program aims to support technology businesses that are in the scale-up phase to grow or establish their business within Tech Central. The Tech Central target area is considered to be the zone within 500 m of 2 Lee Street, Haymarket.

Eligible applicants can get a 40% rebate on rental expenses up to $600,000 per annum for the first 2 years and up to $300,000 in the third year. They can also apply for a 30% rebate on eligible fitout expenses up to $440,000.

What are the eligibility criteria?

To be eligible, your businesses must be a scale-up technology business expanding within the target area that:

  • develops and commercialises new technology as part of their core service or product offering
  • employs at least 10 full time equivalent roles within NSW
  • be generating revenue from core services or products and have achieved an average growth of 20% or more in either employment or revenue year-on-year, for at least 3 years immediately prior to applying.

Additionally, applicants must:

  • be an incorporated company
  • have an Australian business number (ABN)
  • be registered for goods and services tax (GST)
  • have an account with an Australian financial institution.

How do you apply?

Find out more about eligibility and how to apply at Tech Central Scale Up Accommodation Rebate.

Contact information