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