What is the Small Business Adaption Grant?
The Small Business Adaption Grant is a program that supports small businesses subject to closure or highly impacted by the COVID-19 shutdown restrictions to adapt and sustain their operations, and build resilience.
As part of the Worker Assistance Package, the Small Business Adaption Grant Program assists those small businesses in Queensland who have been forced into hibernation, or those who have experienced a significant structural adjustment or forced re-pivoting of their business operations. The objective of the Program is to support small businesses subject to closure or highly impacted by the COVID-19 shutdown restrictions to adapt and sustain their operations, and build resilience.
The Small Business Adaption Grant aims to see small and micro businesses:
- prepare for the safe resumption of trading in the post COVID-19 recovery;
- access digital technologies to rebuild business operations and transition to a new way of doing business;
- respond to online opportunities, where possible, to sustain employment and maintain potential for longer-term growth;
- upskill and reskill business owners and staff to benefit from new technologies or business models;
- embrace business diversification to adapt and sustain operations; and
- create or retain employment.
The available grant amount is up to a maximum of $10,000 per eligible small or micro business.
Grant funds can be used towards the following activities:
- financial, legal or other professional advice to support business sustainability and diversification;
- strategic planning, financial counselling or business coaching aligned to business sustainability and diversification;
- building the business through marketing and communications activities, such as content development (web pages, mobile apps, visual and audio media etc.);
- digital/technological strategy development;
- digital training or re-training to adapt to new business models;
- capital costs associated with meeting COVID-19 safe requirements;
- specialised digital equipment or business specific software to move business operations online (e.g. logistics program for online ordering); and
- meeting business costs, including utilities, rent
Please note that grant funds can be used towards any of the above activities occurring from 23 March 2020 onwards, keeping in mind that the project must be completed within a maximum of six months from the date of approval.
All small businesses and micro businesses registered and operating in Queensland can apply, as well as those small businesses and micro businesses who may be operating outside of Queensland but have a Queensland headquarters.
To be eligible for this grant, the small or micro business must:
- have been subject to closure or otherwise highly impacted by the shutdown restrictions announced by Queensland’s Chief Health Officer on 23 March 2020;
- demonstrate that business revenue has experienced a significant decline since 23 March 2020 over a minimum one-month period due to the onset and management of COVID 19;
- employ staff and have fewer than 20 employees at the time of applying for the grant;
- have a valid Australian Business Number (ABN) active as at 23 March 2020;
- be registered for GST;
- have a Queensland headquarters;
- have an annual turnover over $75,000 for the last financial year;
- have a payroll of less than $1.3 million; and
- not be insolvent or have owners/directors that are an undischarged bankrupt.
Only one application will be accepted from an individual ABN or a financial beneficiary of a business.
Applications close when funds have been exhausted.