By Georgia Parsonson
As part of its COVID-19 Economic Recovery Plan, the State government is set to introduce the Business Boost grants for Queensland’s small businesses.
Minister for Employment and Small Business, Di Farmer, said that the grant is intended for upgrades and organisational improvements within the state’s established businesses.
“These grants are part of the $25 million suites of grants under the Big Plans for Small Business Strategy,” Minister Farmer said.
“Small business owners will be able to access information from today to help them prepare their applications in readiness for the opening of applications at 9 am on 30 July.
“We are releasing the information in good time thanks to the clear and unambiguous feedback we received on our statewide Small Businesses Roadshow earlier this year.
“This notice means small business owners will have two weeks to read the guidelines and the frequently asked questions and to prepare their application for the best chance of securing a grant.”
Small business owners will have up to two weeks to access the Guidelines and Frequently Asked Questions. They will also have the same amount of time to prepare their applications.
$2.5 Million will be distributed across small businesses in the first round of the Business Boost program. Companies will be required to contribute 30% of the proposed cost of purchases, and grant funding will only be paid once the ‘Business Boost’ project has been completed.
“The grants can be used for activities such as website development and upgrades, strategic marketing, training and coaching, advisory services and planning for business continuity and succession,” Minister Farmer said.
To be eligible for the Business Boost grant, a business must have a turnover of between $300,000 and $600,000 in the last financial year.
Information about the Business Boost Grant program is available at business.qld.gov.au/business-boost.