Business Boost Grants

Business Boost Grants Program

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What is the Business Boost Grants?

The Business Boost Grants is a program offered by the Queensland Government to assist businesses in enhancing their efficiency and productivity through organisational development.

 

Background

The Business Boost Grants are designed to promote business growth by providing financial assistance for various activities, including:

  • Strategic Business Planning: Businesses can use the grants to develop and implement strategic plans that help them achieve their growth objectives.
  • Design and Implementation of Cloud Platforms and Online Management Systems: The grants can be utilised to invest in advanced cloud-based technologies and online management systems to streamline operations and improve productivity.
  • Planning and Systems for Staff Management and Development: Businesses can use the grants to create and implement plans and systems for effectively managing and developing their staff, which can contribute to overall business growth.

The Business Boost Grants program is an integral part of the Queensland Government’s Big Plan for Small Business Strategy for the years 2021-23, emphasising support for small businesses in the region.

 

Funding

Eligible applicants can receive a grant payment ranging from $10,000 to $20,000 (excluding GST) upon the successful completion of their proposed project. It is crucial that successful applicants contribute an equal amount towards the overall project cost.

The grant funding will be distributed within 12 months after project completion, provided that the specified acquittal requirements are met.

Projects with a total cost less than $20,000 (excluding GST) or payments made before receiving approval will not be funded. Approval must be obtained prior to incurring any expenses related to grant-funded project activities.

Need Assistance?

Call 1300 658 508

Business Boost Grants

 

Eligible Projects

DYJESBT will fund eligible project activities that fall within the three priority areas. Note: the list of eligible activities is not exhaustive, similar project activities may be considered.

1. Future planning

  • Strategic business planning for innovation and growth.
  • Implementing a governance board to guide strategic planning.
  • Identifying and capitalising on export opportunities while adhering to requirements. 
  • Compliance with industry regulations and standards, including sustainability.

2. Specialised and automated software – Design and implementation of sophisticated cloud platforms, online management systems and/or applications including:

  • Artificial Intelligence systems (e.g. AI chatbots)
  • Customer relationship management systems
  • Cybersecurity tools
  • Data warehouses
  • Production systems
  • Software integration (including specialised software subscriptions)
  • Quality & compliance and risk management systems.

3. Planning and systems for staff management and development

  • Strategic human resource management fostering skills development, robust recruitment strategies, and seamless onboarding for new personnel.
  • Professional development through targeted transitional training and initiatives.
  • Employee performance management frameworks and evaluation systems.

 

Eligible Applicants

To be eligible for this grant, your business must:

  • have between 2 and 19 employees (by headcount)
  • have an active Australian Business Number (ABN) and be registered for GST*
  • have Queensland headquarters*
  • be established and financially sound, experiencing growth and with a minimum turnover of $300,000 in the last financial year (2022–23)
  • have a publicly accessible web presence to identify business operations (e.g. business website and/or social media pages)
  • not have been approved for funding under Round 1 or 2 of the Business Boost grant program
  • not be insolvent or have owners/directors that are an undischarged bankrupt.

*Your business must maintain this eligibility for the duration of the grant-funded activity.

 

Timing

Applications close 12 September 2023.

 

More Information

Need Assistance?

Call 1300 658 508

Business Boost Grants

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