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Queensland Business Boost Grants Program
Small businesses can register their interest between 12 – 19 August, 2022.
Administered by the Department of Employment, Small Business and Training (DESBT), the Business Boost grants program provides support to businesses to advance improvements in their efficiency and productivity.
This support includes funded activities in 3 project areas:
- Future planning
- Specialised and automated software
- Staff management, development and planning.
Available funding
Businesses may be eligible to receive a grant payment of $15,000 (excluding GST) on completing their proposed project.
Successful applicants must co-contribute at least 30% of the total project costs.
Grant funding is paid after completion of the project and only after compliant acquittal documentation is received.
Projects will not be funded with:
- a total cost of less than $10,715 (excluding GST)
- or
- payments made before the approval date (you must be approved before you pay for grant-funded project activities).
Eligibility criteria
To be eligible for this grant, your business must:
- have fewer than 20 employees (by headcount)
- 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 (2021–22)
- have a publicly reachable web presence to identify business operations (e.g. business website and/or social media pages)
- not have been approved for funding under Round 1 of the Business Boost grant program
- not be insolvent or have owners/directors that are an undischarged bankrupt.
Your business must be registered for GST and have headquarters in Queensland at all stages of the application process and also maintain its eligibility for the duration of the grant funded activity.
For more information and to apply click here.
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TaxAssist Accountants can help with all financial aspects of running your business from Year End Accounts, Tax Returns, Bookkeeping, BAS Returns, and Payroll, as well as Cashflow Projections, Superannuation, Business Plans, Employment Law, Debt Recovery, Capital Gains Tax and Audits and more.
Give us a call on 08 6245 7506 or fill in our enquiry form and we can set up a free initial consultation and discuss our services in more detail.
Date published 3 Aug 2022
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