Business Growth Funding Grants

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Jun 8, 2018 | Posted in Business Advice
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The Business Growth Fund Program, delivered by the Office of Small Business has opened up applications for a Business Growth Fund Grant providing targeted assistance to small and medium businesses that demonstrate high-growth (generally considered to be 20% increase in turnover or employment) and employment aspirations, enabling them to purchase specialised equipment and services to help these business achieve their growth goals. There are a number of guidelines applicants need to adhere to, to be considered for eligibility. Funding is up to $50,000 (excluding GST), with a co-contribution from the applicant of between 25 per cent and 50 per cent of the total project costs. To be eligible for this grant, the business must:

  • have a trading history of a minimum of three years at the time of applying for the grant
  • have a minimum turnover of $500 000 for the last financial year
  • have fewer than 50 employees at the time of applying for the grant
  • have an Australian Business Number (ABN) and be registered for GST
  • have Queensland headquarters
  • have competitive opportunities in domestic or international markets
  • be experiencing growth and have clearly defined high-growth and employment opportunities in Queensland
  • not be insolvent or have owners/directors that are an undischarged bankrupt.

For more information about the grant download the Business Growth Fund Application Guidelines, or speak to your Ulton Advisor to determine your eligibility.

JasonKrenske
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