The Queensland Government is continuing to show its support for the small business sector with the launch of Round 4 of the $5 million Business Basics Grant program.
Eligible small businesses (including non-employing and micro businesses, and new and emerging businesses with less than 20 employees and a turnover of less than $300,000 for the last financial year) will be able to register their interest to apply for a $5,000 grant.
Funds are to be used for a project to increase core skills and adopt best practice — think website development and upgrades, strategic marketing, training and coaching, and business planning for continuity and succession.
To be eligible for this grant, your business must:
Your business must also maintain this eligibility for the duration of the grant funded activity.
Grants will be awarded through a two-stage process starting with businesses registering their interest to apply by completing an online form
that collects basic business information. Then businesses will be selected by a ballot process to complete their applications.
This process ensures all small businesses have equal and fair opportunity to register their interest at any time once registrations open and have an equal chance of being selected to apply. Please note that not all businesses that complete a registration of interest or a full application will be successful.
You must complete and submit an online ROI through the DESBT SmartyGrants portal.
The ROI is a short form that will ask you to:
ROIs are not time sensitive and registrations can be completed anytime while the stage is open.
Valid ROIs will be assessed through a ballot system with a number of applications identified to move to Stage 2: Full application assessment. Each valid ROI has an equal opportunity to be selected. The number of registrations selected will be sufficient to enable DESBT to undertake a competitive assessment process at Stage 2.
There will be no appeal process for applications that are not selected to move to Stage 2.
For more information on the Business Basics Grant Program, visit the Queensland Government website
Should you have any questions or would like to know more about our Business Advisory and Coaching services, please contact our office on 07 4041 6188 (Cairns) or 07 5391 4747 (Sunshine Coast).