Smarter Business Solutions

What is the Smarter Business Solutions?

The Smarter Business Solutions program is designed to help Northern Territory business enterprises reduce their day to day operating costs. Smarter Business Solutions assistance includes free advice and grant funding incentives for Territory enterprises to adopt efficient, innovative technologies and best practices that will reduce their energy, water, waste and material costs.

Funding

The program offers different types of support including:

advice on current efficient technologies and practices
a walk-through site survey to identify potential savings opportunities
grants to help pay for efficiency improvements, including the installation of off-grid / on-grid renewable energy systems

Grants available include:

up to 50% of the cost for efficiency improvements – maximum of $20,000
up to 20% for the installation of off-grid renewable energy systems – maximum of $20,000
up to 10% for the installation of on-grid renewable energy systems – maximum of $10,000

Maximum funding is only available for projects that show a simple financial payback of three to five years.

Eligible Projects

Funding is only available for projects that have not started. Projects must be assessed and given grant funding approval by the department before the project starts. A project may be considered ineligible for grant funding assistance if relevant equipment or infrastructure is changed, removed or installed before being assessed by the department.

Maximum funding is only available for projects that show a simple financial payback of 3 to 5 years. Funding is subject to the program’s available grant budget.

Eligible Applicants

You must be an NT business, Aboriginal enterprise or not-for-profit organisation that satisfy the following criteria:

be physically located and actively trading in the NT for 12 months with an ABN and remitting GST
have an annual turnover between $75,000 and $20 million
not be on a domestic tariff if connected to an electricity grid
have less than 200 employees
have not received equivalent funding from a previous similar support program
agree to participate in a follow-up evaluation survey including a savings assessment
accept the terms of the Buy Local Plan as identified in the agreement section of the application.

If you are a franchise or multinational business you should speak to a small business champion before you apply.

Timing

Applications open on an ongoing basis.

More Information

Source

What is the #1 grant for start-ups?

12,000+ companies access the R&D tax incentive per year that yields a CASH REBATE of up to 43.5%.
This might be perfect your start up.
Do you want to know more?

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