Palaszczuk Government Accelerate Grants drive small business growth
The Palaszczuk Government is building on its commitment to economic growth and job creation by opening applications for the second round of its $3 million Accelerate Small Business Grants.
Small Business Minister Leeanne Enoch said today (Wednesday) the program will continue to provide targeted assistance for small businesses to engage high-level experts to boost business growth.
“Our economic plan is setting the right conditions for business growth after the disastrous cuts of the Newman-Nicholls Government,” Ms Enoch said.
“As Treasurer, Tim Nicholls cut small business support, abolished the small business commissioner, cut online business services and oversaw cuts to the incredibly successful Mentoring for Growth program.
“This second round of grants is part of the Palaszczuk Government’s $22.7 million Advancing Small Business Queensland Strategy 2016-20, which is driving economic growth and creating jobs.
“Since October last year, more than $477,000 has been allocated to 53 Queensland small businesses under the Accelerate Small Business Grants program. When we accelerate growth, we accelerate employment, meaning more jobs for Queenslanders.”
Ms Enoch said the grants provide up to $10,000, which must be matched by the small business, to engage an advisory board or independent advisor.
“Funding has helped luxury cookie maker Redzed on the Gold Coast to manage fast-paced growth; Esk Veterinary Services to expand to a second practice; and community radio 4MBS set up Silver Memories, a nostalgia radio service for aged care residents,” Ms Enoch said.
“The grants have also helped Bundaberg café Alowishus explore franchising options; HRM Contracting and Consulting on the Sunshine Coast develop a marketing plan to manage its high-growth; and Brisbane’s Walk Without Pain podiatry to implement new business processes to maximise efficiency.”
Ms Enoch said the Palaszczuk Government was committed to creating the right environment for small business to start, grow and employ.
“With programs like the Accelerate Small Business Grants, our government is helping Queensland small businesses be in a stronger position to respond to competition, embrace new opportunities and grow,” she said.
Applications for the grants will be open until 30 June 2018, or until funding is exhausted
To be eligible, Queensland businesses must have been trading for a minimum of three years, have a minimum turnover of $500,000 and fewer than 20 employees. The funding must be matched by a cash contribution from the participating business.
For more information, and to apply online, visit www.business.qld.gov.au/accelerate.