Business Growth Fund Returns: ROI Open Now
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The Queensland Government is offering grants of $50,000 to $75,000 through the Business Growth Fund to help innovative small and family
businesses invest in the equipment, systems and tech that'll transform your operation.
Available funding
Funding ranges from $50,000 to $75,000 (excluding GST). If successful, you'll receive funding in 3 milestone payments. You'll also need to
contribute at least 50% of your total project costs.
You'll be expected to use the funding to:
- increase confidence for growth, transitioning from small to medium-sized
- increase productivity, turnover, profit and/or employment by 20%
- improve confidence to automate, scale up, increase market share, diversify and/or exploit exporting opportunities.
Eligibility criteria
When you apply, and for the duration of your funded project, your business must:
- be an established and financially sound small Queensland business with the potential for high growth within the next 2 years
- have less than 20 employees (by headcount—see definition below)
- be operating, and have an active Australian Business Number (ABN)
- be registered for GST (as per your Australian Business Register (ABR) record)
- have a registered Queensland headquarters location (as per your ABR record)
- have a turnover in the last financial year (2024-25) between $500,000 and $10 million
- have a minimum trading history of 3 years
- have experienced 2 years of high-growth+ and have clearly defined growth and employment opportunities in Queensland
- not be insolvent or have owners/directors that are currently bankrupt or undischarged from bankruptcy
- not have been approved for funding under earlier BGF rounds.
Headcount
Headcount includes:
- all full-time, part-time and casual employees
- anyone who receives a salary or wage from your business.
Do not include business owners, non-executive directors or contractors in your headcount figure.
How to appy
The Business Growth Fund uses a 2-stage application process.
Stage 1: Registration of interest
Stage 2: Full application
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