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Grants up to $15,000 will soon be on offer to small businesses in Queensland, as part of the state government’s latest round of funding.

A total of $2.5 million is being released as part of the Business Boost Grant Program in 2021-22 with another round planned the following year.

Applications open 9am, 30 July, and will close as soon as allocated funds are exhausted.

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The grants program is targeted for businesses looking to undertake a project across one of three areas.

These include future planning, specialised and automated software, or staff management, development and planning.

Successful applicants must co-contribute at least 30% of the project’s cost.

The project must also cost a minimum of $10,715.

Eligible businesses must have:

  • Fewer than 20 employees

  • An active Australian Business Number (ABN) and be registered for GST

  • A Queensland headquarters

  • A turnover between $300,000 and $600,000 in the last financial year

  • A publicly reachable web presence (e.g. website, social media)

Grant funding will be paid following the project’s successful completion.

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Minister for Employment and Small Business Di Farmer said the grants can be used for upgrades and organisational improvements for established businesses.

“The grants can be used for activities such as website development and upgrades, strategic marketing, training and coaching, advisory services and planning for business continuity and succession,” Minister Farmer said.

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“We are delivering on our commitment to back small business which is a key priority of the Palaszczuk Government’s COVID-19 Economic Recovery Plan.”

The last set of business grants – Business Growth Fund grants of up to $50,000 and the Business Basics grants of $5,000 – attracted hundreds of applications when they opened in May this year.

The latter was closed to applicants within hours of opening due to an overwhelming number of candidates.

Interested small business owners can read more about the Business Boost Grant Program here.

Business

Main points

  • Small business grants of up to $15,000 will soon be on offer
  • Businesses must co-contribute at least 30% of a successful project’s cost
  • Applications open 9am, 30 July and close when funds are exhausted
These grants are part of the $25 million suite of grants under the Big Plans for Small Business Strategy.
Di Farmer
Minister for Employment and Small Business