Small biz grants fixed after $5k debacle

By Jennifer Kent

SMALL businesses wanting to boost their turnover, increase their workforce or improve their resilience are being encouraged to apply for a grant of up to $15,000 as part of the upcoming round of Business Boost grants. There’s $2.5 million worth of grants on offer to Queensland small businesses, with businesses able to register their interest from 9am on Friday, August 12.

To be eligible 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% of the total cost of their proposed project with grant funding paid to successful small businesses following completion of the project.  

Minister for Employment and Small Business Di Farmer said they have listened to feedback from small businesses to make the application process easier, with the introduction of a new two-stage process. 

“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,” Minister Farmer said.

“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.

“That’s why this registration process will be open from 9am on 12 August and will be open for more than a week 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.

“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.”

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 more information visit: business.qld.gov.au/businessboost

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