Did you know small businesses make up a significant proportion of the Australian economy? In fact, around 5.7 million Australians work in small businesses!
The Queensland Government recognises the contribution these companies make to the state and offer a range of grants specifically for small businesses. From entrepreneur grants to digital grants, funding may be available to help you grow your business. But we know, as business owners, it can be easy to get bogged down in work and lose track of potential funding, that’s why we’ve done the hard work for you. In this article, we talk about the types of grants available to small businesses, if you could be eligible and why you should take advantage of them.
If you’re looking to join the ranks of small business owners in Australia, or recently have, the Small Business Entrepreneur Grant can assist. With available funding up to $5,000, the Small Business Entrepreneur Grant can be used by eligible businesses to engage a business coach, consultant or advisor.
To be eligible for the Business Entrepreneur Grant, the business must:
- have a business name registered within the last 4 years
- have fewer than 20 employees at the time of applying for the grant
- have an Australian Business Number (ABN)
- have Queensland headquarters
- not be insolvent or have owners/directors that are an un-discharged bankrupt.
While applications for the current round are now closed, make sure you sign up to the Small Business Connect newsletter to be the first to know when applications re-open.
Need a sounding board? Toohey Reid provides a wide range of business advisory services.
The Small Business Digital Grants Program is dedicated to enabling owners of small businesses in Queensland to access digital technologies and services. With available funding up to $10,000, this grant allows those eligible to purchase hardware, software and services to kick-start and enhance their digital technologies.
To be eligible for the Small Business Digital Grant, the business must:
- have fewer than 20 employees at the time of applying for the grant
- have an Australian Business Number (ABN) and be registered for GST
- have Queensland headquarters
- have a turnover of $2 million or less in the last financial year
- not be insolvent or have owners/directors that are an un-discharged bankrupt.
While applications for the current round are now closed, make sure you sign up to the Small Business Connect newsletter to be the first to know when applications re-open.
Other grants and advice to keep an eye out for include:
Whether you’re lucky enough to be a recipient of funding or you are looking to take your business to the next level, Toohey Reid can help! At Toohey Reid, we think differently. We offer a range of services to enable business owners to enhance and develop their business.
Interested in boosting your business? Among entrepreneur and strategy advice services we also offer the following:
Contact the team at Toohey Reid today to discuss your business.
General Advice Disclaimer
General advice warning: The advice provided is general advice only as, in preparing it we did not take into account your investment objectives, financial situation or particular needs. Before making an investment decision on the basis of this advice, you should consider how appropriate the advice is to your particular investment needs, and objectives. You should also consider the relevant Product Disclosure Statement before making any decision relating to a financial product.
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