The Business Growth Fund Program, delivered by the Office of Small business, 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.
Before applying, please read the Business Growth Fund Application Guidelines.
Funding of up to $50 000 (excluding GST) may be provided to eligible businesses to purchase and implement highly specialised equipment or services to enable the business to move to the next stage of growth.
Successful applicants must provide a co-contribution of between 25 % and 50% of the total project. The government contribution will be determined by an assessment panel.
Examples of eligible highly specialised equipment or services include (but are not limited to) the following equipment and services:
Production equipment to meet otherwise unachievable growth demand
Advanced digital equipment and systems (e.g. 3D printers, scientific equipment or medical devices)
Advanced logistics systems and equipment
Engage business mentors/coaches/consultants/advisors to provide advice on matters such as business structures and governance, systems improvement, export and commercial negotiations
Intellectual property (IP) advice
Engage an advisory board
The equipment or service must have a direct link to increasing employment or the business??? growth strategy. If your application is successful a single upfront grant payment will be made directly to the business.