Business Growth Fund Program
The Business Growth Fund Program is a grant program which provides targeted assistance for small and medium businesses that demonstrate high-growth and employment aspirations. The fund will enable successful applicants to purchase and implement specialised equipment or services to help them seize growth opportunities.
Funding of up to $50,000 (excluding GST) may be provided for eligible businesses to purchase and implement highly specialised equipment to enable them to move to the next stage of growth. Successful applicants must provide a co-contribution of between 25%-50% of the total project cost.
Businesses applying for the funding must use the grant to manage and finance their business expansion, including but not limited to:
- Increasing employment
- Improving management processes and systems to increase productivity and efficiency
- Introducing product processes or systems innovations
- Entering new markets
- Increasing turnover/sales.
Round 2 is now open and will close for assessment of application from 17 February 2020.
It is important to check the eligibility criteria and further information on the grant before applying. This information can be found on the Business Growth Fund Program webpage.
If you require any assistance please don't hesitate to contact our office.
The Money Edge | Bundaberg