What is the Small Business Pivot Grant?
The Small Business Pivot Grant is an initiative that provides small businesses with matched funding to help them drive increased revenue through improved business performance and access to new markets.
The Territory Small Business Pivot Grants Program is part of the Northern Territory Government’s Jobs First Plan and is designed to help small businesses affected by the COVID-19 pandemic to adapt to the new economic environment and reach new markets.
The Small Business Pivot Grant is open to Territory small businesses that have experienced significant impact as a result of the restrictions put in place (whether past, present or future) in response to the COVID-19 pandemic.
The initiative is focused on supporting Eligible Businesses to improve their digital capabilities including e-commerce solutions and the use of technology to improve visibility and profitability, as well as to reach new markets. Applicants can use the Grant Funding to obtain new technology and digital equipment, undertake future skilling, make physical improvements to their business premises and purchase equipment and infrastructure that may assist the business to access new markets.
Grants of up to $10,000 will be available for eligible businesses, with a matched 50:50 co-contribution requirement.
Vouchers will be issued to successful applicants that are redeemable by their service providers upon satisfactory completion of works.
You can use the funding to:
- obtain new technology or digital equipment
- undertake skilling
- make improvements to your business premises, and
- purchase digital equipment and infrastructure that may assist your business to access new markets.
To be eligible, you must:
- be an actively trading Territory small business
- have an annual turnover of less than $10 million
- match the funding with a 50:50 co-contribution
Applications close 02 February 2021.