Round 4 of the Business Growth Fund Program opens to eligible Queensland businesses on 31 May 2022.
Successful applicants may be eligible for up to $50,000 to buy specialised equipment to support the business’s growth.
The program page is yet to be updated from Round 3 as of 5 May 2022, but here is what we know so far.
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According to the Queensland Government small business grants schedule, the Business Growth Fund Program Round 4 launches on 17 May 2022 and opens on 31 May 2022.
Eligible applicants of the Business Growth Fund Program may be eligible for a single, up-front payment of up to $50,000 (excluding GST).
The applicant must also fund at least 25% of the project costs to buy and implement the specialised equipment being purchased with grant funds.
The Business Growth Fund Program can only be used to purchase specialised equipment directly linked to increasing employment and maximising the business’s economic returns.
Examples of specialised equipment include (but are not limited to):
As of 5 May 2022, the eligibility criteria for the Business Growth Fund Program includes:
The Queensland Government recommends downloading the preview application form for the fund to see how to prepare for the program.
Disclaimer: The information on this page is for general information only and is deemed correct at the time of publishing. It does not replace information provided by the Queensland Government, or finance or legal professionals. Localsearch nor the author are liable for any misuse of this information. Refer to the Queensland Government websites linked above for the most up-to-date information.
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