The Government doesn't give small business a boost very often, but there is now some good news.  The Federal Government is providing grants for businesses under their Entrepreneurs Programme.

The government will fund (at no cost to you), an advisor to prepare a Business Evaluation.  This will list the following:

  • Business improvement advice and referrals
  • A detailed analysis of the business and recommendations for improvement presented in a Business Evaluation Action Plan
  • Support for implementation of the Business Evaluation Action Plan

Business Growth Grant

Once your Business Evaluation Action Plan has been provided, you may be then eligible for a Business Growth Grant of up to $20,000.  The grant reimburses a business for up to half of the cost of engaging a consultant, such as PJT Accountants (up to a maximum of $20,000) to assist in the implementation of recommendations identified in your Business Evaluation Action Plan.

Who is eligible for the Business Evaluation and Grant?

Your Business must:

  • satisfy one of the following:
    • be operating in one or more of the Growth Sectors which are:
      • Advanced Manufacturing
      • Food and Agribusiness
      • Medical Technologies and Pharmaceuticals
      • Mining Equipment, Technology and Services
      • Oil, Gas and Energy Resources,
    • provide Enabling Technologies and Services to one or more of the Growth Sectors
    • have the skills, ability, expertise or intellectual property to work in or with one or more of the Growth Sectors in the future
    • be a tourism business operating in northern Australia. This includes (but is not limited to) pubs, bars, accommodation, cafes, restaurants, tour services, sports/recreation services and retail trade.
  • be solvent
  • have filed Business Activity Statements in Australia showing ongoing trading in at least three successive years. If you have owned your business for less than 3 years, and it existed prior, please contact us, as you can still be eligible if you can meet the criteria that the business was running prior to your ownership.
  • have an annual turnover (or operating expenditure) within the current, or one of the last two financial years:
    • between $1.5 million and $100 million, or
    • between $750,000 and $100 million for applicants from remote Australia or northern Australia.
  • not have received a Business Evaluation Report, Business Evaluation Action Plan or a Business Review Report in the last five years.

 

 

Business Growth Services Grant

In addition to the Business Growth Grant, you may be eligible for another grant, the Business Growth Services Grant, of up to $20,000 to help you develop new growth opportunity or to resource and implement a growth plan.

Talk to us about your eligibility.  We can also assist you with your application and guide you through the process.  It is an opportunity not to be missed for growing businesses.