Rebates for NSW technology businesses for rental and fitout costs within Tech Central
Tech Central Scale Up Accommodation Rebate NSWLast Updated: 16 December 2022
Tech Central Scale Up Accommodation Rebate NSW
Closing date: Friday 16 June 2023 Fri 16 Jun 2023
What do 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.
Check if you can apply
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.
Apply now
Apply for the Tech Central Scale Up Accommodation Rebate NSW
Find out more about your eligibility and how to apply.