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 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, and enable them to move to the next stage of growth.
Successful applicants must provide a co-contribution of between 25% and 50% of the total project cost. The government contribution will be determined by an assessment panel.
Examples of eligible highly specialised equipment includes (but not limited to) the following:
production equipment to meet otherwise unachievable growth demand
advanced manufacturing or digital equipment and systems
advanced logistics systems and equipment.
Previously the Business Growth Fund considered specialised services in proposals. By exception, we will consider proposals where the business will:
engage business consultants or advisors to provide advice (e.g. on business structures and governance, systems improvement, export and commercial negotiations)
intellectual property (IP) advice
engage an advisory board.
If you wish to apply with a proposed component of specialised services, please seek prior approval by phoning 13 QGOV (13 74 68) or emailing email@example.com.
Your proposal must have a direct link to increasing employment or contributing to your business' growth strategy. If your application is successful, a single up-front payment will be made directly to the business.