The objective of the Entrepreneurs Programme (EP) is to assist small and medium businesses to develop the skills, knowledge and capability to realise their growth potential.
Under the EP, a company can apply for a Business Growth Grant if they meet the eligibility criteria.
Under the Business Growth Grant program, AusIndustry provides co-funding to eligible companies to subsidise the cost of engaging a consultant (up to a maximum grant of $20,000) to make eligible business improvements.
Business Growth Grant projects must cover business improvements that demonstrate:
That the preferred consultant is bringing new areas of expertise to your business.
How the project will build the internal capability of your business.
That the work involved is not part of the ordinary operations of your business.
The company must first access a business advisor and his/her analysis report must highlight the specific consultancy service required as a priority focus area for the company. Eligible business areas are:
Strategic Business Issues
Human Resources Issues
Marketing, Branding and Communication
Financial Management Systems
Exploring New Markets and Market Intelligence
Product and Service Development
The following eligibility criteria need to be met by a company to receive EP grant funding:
1. Have revenue or expenditure of between $1.5 million and $100 million in the current financial year or in one of the two preceding financial years
2. Have an ACN, a trading history of at least three years and be solvent
3. Be in one of the following Targeted Growth Sectors:
Food and Agribusiness
Medical Technologies and Pharmaceuticals
Mining Equipment, Technology and Services
Oil, Gas and Energy Resources
Provide one of the following Enabling Technologies or Services to one of the above targeted growth sectors:
Freight and Logistics
Infrastructure Related Construction
Information and Communications technology
Have the skills, ability, expertise or intellectual property to work in or with one or more of the Growth Sectors in the future.
Contact Matthews Steer today on 03 9325 6300 to learn more about your eligibility for government business grants, and how our Grants Team can help support your applications.