Small Business COVID-19 Adaption Grant Program
The Queensland Government has once again upped its game to help its Business’ with the announcement of a new grant program.
Small businesses in Queensland can now apply for grants worth up to $10,000 to help soften the blow from COVID-19.
The $100 million program comes as Queensland announces a raft of stimulus initiatives that will go toward community developments, the tourism industry, community legal services and roadwork The program aims to see small and micro businesses:
prepare for the safe resumption of trading in the post COVID-19 recovery
access digital technologies to rebuild business operations and transition to a new way of doing business
respond to online opportunities, where possible, to sustain employment and maintain potential for longer-term growth
up-skill and re-skill business owners and staff to benefit from new technologies or business models
embrace business diversification to adapt and sustain operations
create or retain employment.
What can the grant be used for?
In recognition of the significant impacts of COVID-19 on small businesses, 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.
Am I eligible?
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 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.
Note - Only 1 application will be accepted from an individual ABN or a financial beneficiary of a business. If you believe you may be eligible, please reach out to one of our advisors on 07 5504 5700.
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