What government grants in Queensland are currently available for small businesses and start-ups?
Here is a list of government grants and loans that are available for small businesses in Queensland:
- Back to Work South East Queensland
- Business Development Fund QLD
Government grants in Queensland
Back to Work South East Queensland
How does it work?
The lack of employment opportunities for elderly and long-term unemployed and underemployed people has long been an issue for the Australian economy, and the Back to Work program ran by the Queensland government is attempting to ameliorate this. Businesses in certain regional areas of Queensland that employ elderly, young, or long-term unemployed people can claim payments of up to $20,000 for doing so.
Up to $20,000.
Businesses must have a proven and reputable track record in employing people, and demonstrate a “genuine commitment to ongoing employment of the employee”. Find out more about the funding here.
Business Development Fund QLD
How does it work?
The Business Development Fund is a fairly stock-standard grant for businesses in Queensland, providing up to $2.5 million in funding to businesses that are developing or commercialising an innovative product or service. However, to be eligible, businesses need to find a co-investor to match the funding provided by the government, and be prepared for both the co-investor and the Fund to become shareholders in the business.
Between $125,000 and $2.5 million.
For Queensland-based companies looking to find out more, head here.
You can help us (and help yourself)
Small and medium businesses and startups have never needed credible, independent journalism and information more than now.
That’s our job at SmartCompany: to keep you informed with the news, interviews and analysis you need to manage your way through this unprecedented crisis.
Now, there’s a way you can help us keep doing this: by becoming a SmartCompany supporter.
Even a small contribution will help us to keep doing the journalism that keeps Australia’s entrepreneurs informed.