Business Growth Fund Round 2 now open!!!
Business Growth Fund Program
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 or services 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 or services, 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.