Douglas businesses encouraged to get in quick before grant runs out
SMALL BUSINESS GRANT
Interested Douglas businesses are reminded that the Queensland Government's Small Business COVID-19 Adaption Grant Program, which allows up to $10,000 grants for eligible businesses, is judged on a first-come, first-served basis until funds are exhausted.
Since the program was announced earlier this week already 60 per cent of funds have been requested, so to be considered businesses need to move quickly.
The objective of this program is to support small businesses subject to closure or highly impacted by the coronavirus shutdown restrictions announced by the Queensland Government, to adapt and sustain their operations, and build resilience.
The funding can be used towards the following:
- financial, legal or other professional advice to support business sustainability and diversification
- strategic planning, financial counselling or business coaching aligned to business development and diversification
- building the business through marketing and communications activities, for example, content development (web pages, mobile apps, visual and audio media etc.)
- digital/technological strategy development
- digital training or re-training to adapt to new business models
- capital costs associated with meeting COVID-19 SAFE requirements
- specialised digital equipment or business-specific software to move business operations online (e.g. logistics program for online ordering)
- meeting business costs, including utilities, rent.
Grant funds can also be used towards any of the above activities occurring from 23 March 2020 onwards.
Once the program budget has been fully allocated, applications for the program will close.
It is estimated that approximately 10,000 small businesses will be supported through this program.
To be eligible, the business must:
- have been subject to closure or otherwise highly impacted by current shutdown restrictions announced by Queensland's Chief Health Officer on 23 March 2020
- demonstrate that business revenue has been significantly impacted since 23 March 2020 over a minimum 1-month period due to the onset and management of COVID-19
- employ staff and have fewer than 20 employees at the time of applying for the grant
- have a valid Australian Business Number (ABN) active as at 23 March 2020
- be registered for GST
- have a Queensland headquarters
- have an annual turnover of over $75,000 for the last financial year
- have a payroll of less than $1.3 million
- not be insolvent or have owners/directors that are an undischarged bankrupt.
For more information and to apply visit the Small Business COVID-19 Adaption Grant Program website.
For assistance with your grant application contact local business writing services, Symbiotic Enterprising.
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