Grow Your Business Program

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Grow Your Business Program

Up to $15,000 is available from the Grow Your Business Program to assist with business plan development.

Grow Your Business Program

 

Grow Your Business Program

Grow Your Business Program is a business planning program that helps small businesses to develop and implement strategies to become internationally competitive by offering a range of planning and management services. Businesses can engage the services of an independent specialist to prepare a business plan.

 

Objectives

The Grow Your Business program assists established businesses to grow by:

  • increasing productivity and lifting competitiveness
  • exploring new export opportunities
  • increasing investment in research and innovation
  • attracting investment and venture capital
  • pursuing environmentally sustainable practices
  • considering new marketing and promotion opportunities

 

Eligibility Projects

Businesses can apply one or more of the following program streams in the Grow Your Business Program:

  • Business Development Plan – provides businesses with an opportunity to undertake a comprehensive strategic plan for future growth.
  • Business Strategic Review – helps individual businesses to identify operational goals.
  • Business Development Plan – Mentoring – aims to provide experienced strategic advice to a board and/or CEO
  • Group Programs – encourage smaller businesses to develop management skills and competencies that support long term growth.
  • Network Program – encourages small to medium sized enterprises to cooperate in strategic areas of business and to exploit opportunities beyond the reach of each individual firm.

 

Eligible Applicants

To be eligible for Grow Your Business Program funding:

  • businesses should be financially viable, with a turnover of over $500,000 ($250,000 for Group and Network programs)
  • be a tradeable service
  • be based in Victoria

 

Funding

Business Development Plan, Business Development Plan – Mentoring

  • 50% of total project cost up to $7,500

Business Strategic Review

  • 75% of total project cost up to $4,000

Group and Network Programs

  • 75% of total project cost up to $15,000

Latest Recipient

Minister for Manufacturing David Hodgett today joined Member for Bentleigh Elizabeth Miller at Sun Health Foods’ facility in Moorabbin.
Mr Hodgett said Sun Health Foods’ 20 staff manufacture and distribute a range of quality health food bars, generating $10 million in annual sales.
“Sun Health is a long-standing Victorian manufacturer which has traded successfully since 1982 and continues to expand its operations,” Mr Hodgett said.
“In 2010, the company invested $3 million to move to its current location on Freighter Road in Moorabbin in order to develop its manufacturing processes and begin exploring new markets.
“I am pleased the Victorian Coalition Government was able to support Sun Health with an $11,500 Grow Your Business grant in 2011, enabling it to manage the increased capacity at its new location and investigate new markets in Australia and overseas.
“The Napthine Government continues to help Sun Health improve its productivity through the services we offer as part of our strategy to engage directly with Victorian businesses,” Mr Hodgett said.
Ms Miller said officers from the Victorian Government Business Office in Dandenong had assisted Sun Health on many occasions and the government’s trade and industry experts had advised the company about government-led trade fairs and missions.
“This ongoing assistance encouraged the company to participate in the recent 2014 ASEAN Super Trade Mission, as well as its previous involvement in the 2012 China Super Trade Mission,” Ms Miller said.
“The Coalition Government’s $62 million International Engagement Strategy has helped deliver more than 70 overseas trade missions, with over 2,000 companies taking part since 2011.The missions are projected to generate more than $4 billion in new export sales.
“Sun Health’s determination to boost productivity by accessing new markets demonstrates an approach that is essential to securing a strong future for Victoria’s manufacturing industry,” Ms Miller said.

More Info

 

 

2017-06-09T11:34:47+00:00
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