The Queensland Government has announced a commitment of $25 million over the next two years towards three small business grant programs announced earlier this month.
The largest of the programs – the $10 million Business Basics Grant program – launched on 17 May 2021 and opens to applications on 31 May 2021.
The Business Basics Grant program is designed for small businesses (including non-employing and micro businesses, and new and emerging businesses with less than 20 employees and a maximum turnover of $300,000 for the current financial year) that are seeking to improve basic capabilities.
Through the program, applicants can access a fixed grant of $5000 (paid up-front with no co-contribution) for activities to increase core skills and adopt best practice. Grant-funded activities must be in one of five priority areas:
- training and coaching
- website build/upgrades
- professional business advice
- strategic marketing services
- business continuity and succession.
It is anticipated that the program will be very popular and interested applicants should note the program will close when the department receives sufficient applications for a competitive assessment, or on 30 June 2021—whichever is sooner. As such, businesses are encouraged to prepare in advance of the opening date by checking their eligibility, reviewing the guidelines and gathering supporting documentation.