Earlier today the Queensland Government released details about its Business Boost grants program.
What is the Business Boost Grant Program?
The Business Boost Grants program opens on 30 July 2021, and provides support to businesses to advance improvements in their efficiency and productivity.
This support includes funded activities in 3 project areas:
- Future planning
- Specialised and automated software
- Staff management, development and planning
The program is administered by the Department of Employment, Small Business and Training (DESBT).
Who is Eligible?
To be eligible for this grant, your business must:
- have fewer than 20 employees at the time of applying for the grant
- have an active Australian Business Number (ABN) and be registered for GST
- have a Queensland headquarters
- have a turnover of between $300,000 (minimum) and $600,000 (maximum) in the last financial year (2020–21)
- have a publicly reachable web presence to identify business operations (e.g. business website and/or social media pages)
- not be insolvent or have owners/directors that are an undischarged bankrupt.
What’s the Grant Worth?
You may be eligible to receive a grant payment of $15,000 (excluding GST) on completing your proposed project.
What Are the Requirements?
Successful applicants must co-contribute at least 30% of the total project costs.
Grant funding will be paid only after compliant acquittal documentation is received.
The Queensland Government will not fund projects with:
- a total cost of less than $10,715 (excluding GST); or
- payments made before the approval date (you must be approved before you pay for grant-funded project activities).
There is a co-contribution calculator available on the Business Boost Grant website.
What Can I Use the Grant For?
Eligible Project Activities include:
Future planning
- Strategic business planning for innovation or growth
- Implementing a governance board to guide strategic planning
- Exporting opportunities and requirements
- Compliance with industry regulations and standards
Specialised and automated software
- Design and implementation of management systems, including
- data warehouses
- asset management
- customer relationship management systems
- quality and compliance management
- risk management
- production systems
- project management systems
- Bespoke or complex website design and build, including e-commerce, software integration, booking systems
- Cybersecurity tools
- Innovative technology that improves or diversifies service offerings
Staff management, development and planning
- Human resource management skills building
- Professional development and training
- Digital workplace plans and systems for a remote workforce
How to Get Started
If you’d like more information about the Business Boost Grant, including details of the application process, visit the Queensland Government website.
