Funding for TAS small businesses to grow and innovate

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 29 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.