Everything you need to know about the Business Boost Grant Program
20 July 2021
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:
- Future planning
- Specialised and automated software
- 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.
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.
- 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.
The eligible activities are noted below for each project area.
- 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.