Funding for TAS small businesses for capital purchases

Overview

The Enabling Business Grant Program aims to support Tasmanian small businesses to grow, adapt and innovate by providing grants of between $2,500 and $10,000 for capital purchases that align to the enabling business and technology themes of the Small Business Growth Strategy 2026.

Eligible capital purchases include but are not limited to:

• technology hardware, including computers, laptops, tablets, printers, drones, and smart mobile phones that are purchased outright
• point of sale systems
• video conferencing equipment
• security systems
• small-scale manufacturing plant and processing equipment
• purchase of equipment that will result in environmental improvements or efficiencies e.g. solar panels.

Check if you can apply

To be eligible, applicants must:

• be registered for tax purposes in Australia with a continuously active Australian business number (ABN) on or before 22 October 2023, exceptions may be considered on provision of evidence
• be able to demonstrate an annual business sales turnover of between $50,000 and $10 million in the 2022-23 or 2023-24 financial year
• be a small business with no more than 19 full-time equivalent (FTE) employees and be able to demonstrate that the business is currently operating and located in Tasmania
• be a majority owned Tasmanian small business
• have the funding available to make the minimum 30% co-contribution towards the total capital purchase cost at the time of application (including goods and services tax (GST))
• be able to purchase the proposed item/s within 6 weeks of being notified of the outcome of the grant application.

For sole operators who have no paid employees, the sole operator must also have derived at least 50% of their total annual income in the 2022-23 or 2023-24 financial year from the business.