Business Growth Fund Program - Queensland


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 Business Growth Fund program is currently closed.

The fund will enable successful applicants to purchase and implement specialised equipment to help them seize growth opportunities.

Applications have now closed and we are not accepting applications. Information about future grant programs will be available after the new small business strategy is published.

Available Funding

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)

  • purchase 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

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.

Service type

Support Service

A service offered by government to aid in running a business.

Eligibility requirements

To be eligible for this grant, the business must:

  • have a minimum trading history of 3 years at the time of application

  • have a minimum turnover of $500,000 for the last financial year

  • have fewer than 50 employees at the time of applying for the grant

  • have an Australian Business Number (ABN) and be registered for GST

  • have Queensland headquarters

  • have competitive opportunities in domestic or international markets

  • be experiencing growth and have clearly defined high-growth and employment opportunities in Queensland

  • not be insolvent or have owners/directors that are an undischarged bankrupt.

Your business must have the potential for high-growth within the next 2 years. High-growth is generally considered to be a 20% increase in turnover or employment.

The applying business must have:

  • a business plan in place

  • the capacity to access finance to fund the growth of their business

  • clearly defined an opportunity and plan for growth

  • demonstrated how the funding will assist the business to achieve these goals.

Only 1 application will be accepted from an individual ABN or a financial beneficiary of a business for consideration at any one time.

Previously successful applicants cannot reapply for funding under the program.

Additional information

Read more about the Business Growth Fund Program on the Business Queensland website.

Subscribe to the Small Business Connect newsletter to receive updates to all our grants.

View the 2019-20 Small business grants schedule to help plan your applications for grant rounds.

Administering agency

Department of Employment, Small Business and Training


Contact details

Contact Email, Phone and Address Details for this service in simple two column table format, header then data.

Please use these contact details for help or more information:

Department of Employment, Small Business and Training

Phone: 13 QGOV (13 74 68)