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Round 3 of the Small Business Entrepreneur Grants program is now open

News

The Queensland Government’s Small Business Entrepreneur Grants Program is now open for applications.

The Grants are helping new small businesses to get off to a better start with access to planning, coaching and training.

Grants up to $5,000 (matched by participants) are available to help small businesses engage a consultant, advisor or business coach for up to three months and businesses choose their own consultant or advisor to work with.

 

Available funding

Matched funding of up to $5,000 (excluding GST) may be provided to eligible businesses to engage a consultant, advisor or business coach for up to 3 months to help establish or develop the business. The minimum grant funding amount is $1,000.

The advice must fall under 1 or more of the following areas:

  • mentoring/coaching
  • business and strategic planning
  • professional business advice (i.e. information technology (IT), legal or financial)
  • marketing strategy development (i.e. branding strategies, social media/digital strategies, market research).

 

Payment will be made directly to the business on completion of the project and on presentation of proof of payment for the service.

 

Eligibility criteria

To be eligible the business must:

  • have a business name registered within the last 4 years
  • have fewer than 20 employees at the time of applying for the grant
  • have an Australian Business Number (ABN)
  • have Queensland headquarters
  • not be insolvent or have owners/directors that are an undischarged bankrupt.

 

The participating business must provide a project report on completion of the project detailing how the funds were spent and the impact it has had on the business.

 

What won’t be funded

The grant is specifically aimed at funding businesses to engage a consultant, advisor, or business coach. We will not fund the following activities:

  • project proposals delivered over a timeframe longer than 3 months
  • projects with a total cost less than $2,000
  • travel costs for any party
  • services delivered in-kind (funding will only cover services paid for via a financial transaction)
  • fees for services provided by related parties (such as companies with common shareholdings or a directorship with the applicant, and employees or immediate family of the applicant)
  • franchise fees or related costs
  • direct-selling businesses (where sales of another business’s goods or services are made in the customer’s home, work or other meeting place through methods such as party plan and network marketing)
  • purchase of assets, such as stock
  • salaries
  • general business operating costs (including bookkeeping/accounting and tax returns)
  • paid advertising campaigns (i.e. Google AdWords, Facebook advertising or similar expenses). The grant can cover the development of a marketing strategy but not the actual advertising cost
  • retrospective payments for expenses already incurred prior to grant funding approval date or work already undertaken.

 

 Important dates

Round 3 is now open and closes on 6 June 2018 at 5pm.

Business will be surveyed 6 months after the completion of the project.

 
Find out more

 

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