$5,000 Small Business Grant

Happy Easter! We wanted to send you a few choccies but instead we hopped onto this egg…

From 9am on Wednesday 4th May 2022, the next round of Business Basic grants program will be open for applications.

These grants offer $5,000 to eligible new or emerging businesses to improve their operations, such as upgrading websites, improving skills or adopting best practice.

This support includes funded activities in 5 priorities:

  1. Training and coaching (Business development, marketing, human resources or business planning topics, training/ coaching)

  2. Website build or upgrades (including website refresh, adding e-commerce, developing new website content)

  3. Professional business advice (business plans)

  4. Strategic marketing services (strategic marketing plans including search engine optimisation advice)

  5. Business continuity and succession (Business continuity and succession plans, cybersafety training and tools)

SEQ and regional Queensland funding available

For this round, there are 2 funding streams based on what Local Government Area (LGA) eligible businesses are headquartered. These LGAs are grouped into either South East Queensland or regional Queensland.

To be eligible to apply for this grant, the business must:

  • have fewer than 20 employees (by headcount);

  • be operating and have an active Australian Business Number (ABN);

  • be registered for GST;

  • have a Queensland headquarters and an operating address in the relevant funding stream;

  • have an expected turnover of $300,000 or less for the current financial year;

  • not have been approved for funding under an earlier round of Business Basics;

  • have owners/directors that are not undischarged bankrupt;

  • and be solvent

The Business Queensland website has a simple eligibility tool that you can use to find out if your business is eligible – click here.

If eligible, applications must be completed online in ‘SmartyGrants’. For a full application guide click here.

We strongly recommend you mark your calendars and get your applications in as soon as they open – previous grants have closed within 3 hours of opening.

For those that aren’t eligible, we hope the Easter Bunny spoils you….

Stay safe!

Get in touch with m+h Private tax specialists today on +61 3036 7174 if you need support for you and your business.

As always, the above is general in nature, and the details may change, please discuss with your trusted advisor.

James Hoeftm+h Private