Small Business Development and Diversification

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What is the Small Business Development and Diversification?

The Small Business Development and Diversification is a program to help businesses with a demonstrated reliance on native forestry to remain open and invest in job creation, through diversification, expansion and/or innovation.

Background

The Small Business Development and Diversification program is open to any business within Western Australia with a demonstrated reliance on the native forestry industry.

The grants can be used to help businesses remain open, or to pivot and innovate post-2023 when native forest logging ends. The funding cannot be used for general business expenses or ordinary costs. The funding must be invested in an expansion, diversification and innovation business plan that is focused on creating new jobs and/or protecting existing jobs.

Funding

This $15 million Western Australian Government scheme will provide grants to eligible businesses, with the funds delivered through two grant rounds of $7.5 million each.

The program provides contestable grants of up to $400,000 to businesses with a demonstrated reliance on the native forestry industry.

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Eligible Projects

The Small Business Development and Diversification grants will be awarded to proposals that demonstrate a commitment and capacity to create new jobs, expand, diversify, future proof and innovate. Assistance will be flexible and tailored to specific project proposals and may include, for example:

Support to develop and commercialise new business opportunities to replace native forest revenue streams.
Support to integrate new technology to improve the productivity of existing businesses or enable development of new business streams.
Support for specific infrastructure, plant or equipment that supports development of new businesses or improves innovation and productivity of existing businesses.
Support to protect and create existing jobs, particularly for displaced timber workers.

The application must also meet one or more of the following areas of activity:

Business Expansion – expanding your existing business.
Business Diversification – bringing on new streams to your existing business, or pivoting to a new business opportunity.
Future Proofing – strengthening existing business operations.
Innovation – introducing new technology for economic and environmental outcomes.

Eligible Applicants

To be eligible, applicants must:

demonstrate reliance on the WA native forestry industry or reliance on native forestry or native forest products
have an Australian company number (ACN) or Australian business number (ABN)
be a solvent Western Australian based business or organisation
be a valid legal entity.

Timing

Applications close 31 January 2023.

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Call 1300 658 508

More Information

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