Queensland small businesses are being encouraged to apply for a grant up to $15,000 to help their business boost turnover, increase their workforce or improve their resilience.
The next round of the popular Business Boost grants are now available with businesses able to register their interest in applying from 9am on 12 August.
“For this round of the Business Boost grants, $2.5 million worth of grants are on offer to Queensland small businesses that are seeing positive growth and are looking to expand further,” Small Business Minister Farmer said.
“Previous recipients of the grant have used the funds to do a range of business boosting projects such as; introducing an online booking system, redeveloping websites, building a tailor made workplace health and safety system and staff training.
“These are great, innovative Queensland businesses that know what they need to keep growing and just need the extra investment to reach their goals.”
To be eligible, small businesses need to employ less than 20 employees and have had a turnover between $300,000 and $600,000 in the last financial year.
Businesses will need to co-contribute at least 30 per cent of the total cost of their proposed project with grant funding paid to successful small businesses following completion of the project.
To manage applications for the grants, a new two-stage process has been introduced.
“For this round of the Business Boost grants, we have listened to feedback from small businesses to make the application process easier for small businesses,” Minister Farmer said.
“Grants will be awarded through a two-stage process starting with businesses registering their interest to apply by completing a simple online form that collects basic business information.
“Small businesses owners told us they want the application to be open for a set window of time so that they can accommodate their diverse work and life commitments.
Registration will be open from 9am on 12 August until it closes at midnight on 19 August.
The second stage of the application will see a number of businesses selected through a ballot process to be invited to complete a full application.
This format means all interested businesses owners have an equal opportunity to apply.
Minister Farmer said small business grants would continue to roll out with this year’s Budget committing $39.1 million over the next four years for grants and other support to help new, growing and established businesses keep improving.
Minister Farmer said small business grants would continue to roll out with this year’s Budget committing $39.1 million over the next four years for grants and other support to help new, growing and established businesses keep improving.
For more information about the Business Boost Grants visit www.business.qld.gov.au/businessboost
