The Queensland Government has today released details of the next small business grant funding opportunity, forming part of its $25 million initiative to aid in the recovery and development of small businesses.

The Business Boost Grant is available to successful applicant businesses with turnover between $300,000 and $600,000 in FY 2020/21, and will provide up to $15,000 in funding for eligible projects.

Applications open 9am, 20 July 2021 and projects must be completed 6-12 months following approval and signing of funding agreement.

Co-contribution requirement

Unlike the previously released $5,000 Business Basics Grant, successful applicants will be required to co-contribute at least 30% of their total project costs. With minimum project costs being $10,715 (ex GST), the minimum co-contribution business must make is $3,215.

To receive the maximum funding amount of $15,000, project costs will need to total $21,429 (ex GST) or more, with the co-contribution being $6,429.

Program objectives and eligible activities

The Business Boost Grant aims to support businesses to implement programs that advance improvements in their efficiency and productivity, and:

• boost turnover, profit, and employment;
• increase business confidence and skills; and
• improve business resilience and survivability.

To support these objectives, grant-funded projects must meet any of the following three priorities:

• Future planning
• Specialised and automated software
• Staff management, development and training

Eligible project activities include:

For more information on the Business Boost Grant and to preview the application form, click here. 

To discuss how your business can get the most out of this grant opportunity and to receive a compliant quote for inclusion in your application, contact us.