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What is the Specialist Advice Pathways Program?
The Small Business Specialist Advice Pathways Program is an initiative that provides grants to employers to access professional advice and help them plan for their future in a variety of ways.
Background
The Victorian Government has launched a $5 million Specialist Advice Pathways Program. The program supports established employing businesses who have remained in business despite the challenges presented by COVID-19. Some of these businesses have had to re-invest, change core business activities or limit operations due to supply chain and customer issues.
Objectives
The three main objectives of the program are to:
- Target established employing businesses to support their effective transition in response to disruptive change – e.g. COVID-19 recovery and/or current economic conditions.
- Enable eligible businesses to access timely professional financial or legal advice to inform current and future business decisions.
- Improve business’ capabilities and preparedness to adapt business models in response to economic changes.
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Call 1300 658 508
Funding
Grant funding of $2,000 per ABN is available for eligible projects under the program, where the minimum expenditure cost per project is $2,000 (ex GST).
Eligible Projects
The project is eligible for funding if expenditure supports at least one or more of the following scope of services listed below:
- Advice and analysis regarding the management of cash flow, preparation or cash flow budgets and projections,
- Profitability analysis and formulation of financial management and/or operational business strategies,
- Strategic analysis to revise business planning and/or governance arrangements,
- Advice regarding the management of debts and liabilities, or
- Advice and/or representation regarding commercial agreement contract terms (i.e. commercial leases or commercial supply contracts).
Eligible Applicants
This program is for employing small businesses that are established and have been operating since at least 1 July 2020.
To be eligible for a grant under the Small Business Specialist Advice Pathways Program, a business must meet the following requirements:
- Be a legally structured business registered in Victoria with an Australian Business Number (ABN) and have held that ABN on and from 1 July 2020
- Be registered with WorkSafe Victoria
- Employ 1-19 full-time equivalent staff.
Businesses will be ineligible for a grant if any information in their application is found to be deliberately false or misleading.
Need Assistance?
Call 1300 658 508
Timing
Applications close 30 September 2022.
