Article:

Everything you need to know about the Business Boost Grant Program

20 July 2021

Daniel Splatt, Manager, R&D Tax & Govt Incentive | Liam Adcock, Consultant, R&D Tax & Govt Incentive |

The Queensland Government’s Business Boost Grant Program has been developed to assist Queensland-based small businesses to fast-track their plans to improve efficiency and productivity.

Funding will be available to support activities in three project areas, including:

  1. Future planning
  2. Specialised and automated software
  3. Staff management, development and planning.

Applications open at 9.00am on 30 July 2021 and close upon receipt of enough applications for a competitive assessment to take place. Therefore, it is important to submit your application as soon as practicable from 30 July.

Available Funding

This small business grant is part of the $25 million suite under the Big Plans for Small Business Strategy run by the Queensland Government. This round of the Business Boost Grant program has a total funding pool of $2.5 million with minimum and maximum grant amounts of $7,500 and $15,000 per business, respectively.

Successful applicants must contribute a minimum of 30% of the total project costs. This equates to a minimum contribution of $3,215 and $6,429 for the minimum and maximum grant amounts.

Company eligibility

  • To be eligible for this grant, the 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 undischarged bankrupt. 

Project eligibility

The eligible activities are noted below for each project area.

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
  • Cyber security 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.

The project’s activities must be completed six to twelve months following project approval and funding agreement.

I NEED HELP

To discuss this grant in more detail, or if you require help with your application, please contact your local BDO adviser.