Queensland Government – Business Growth Fund Program

Application Date: 11 May 2021 to 30 June 2021

Region: Queensland wide

Amount: Up to $50,000

Details:

Please note: The grant end date listed is a placeholder entered by QCOSS. This grant will expire as soon as funding is exhausted and may be pulled without warning.

The Business Growth Fund (BGF) targets high-growth businesses who can accelerate growth, drive Queensland’s economy and employ more Queenslanders.

The program provides funding for small and medium-sized businesses experiencing high-growth to buy specialised equipment to unlock growth potential, increase production, expand your workforce and maximise economic returns.

Funded businesses are expected to:

  • increase confidence for growth, transitioning from small to medium-sized
  • increase productivity, turnover, profit and employment by 20%
  • improve confidence to automate, scale up, increase market share, diversify and/or exploit exporting opportunities.

The program is administered by the Department of Employment, Small Business and Training.

Available funding

You may be eligible for a single up-front payment up to $50,000 (excluding GST).

You must also fund at least 25% of project costs to buy and implement the specialised equipment.

Funding must be used to buy specialised equipment to meet business growth. The equipment must have a direct link to increasing employment and maximising economic returns.

Examples of eligible highly-specialised equipment include (but are not limited to):

  • production equipment to meet otherwise unachievable growth demand
  • advanced manufacturing or digital equipment and systems
  • advanced logistics systems and equipment.

For more information: https://www.business.qld.gov.au/starting-business/advice-support/grants/growth-fund