Announced in the last 24 hours, the QLD Government is extending its Small Business Adaption Grant - first released in May as part of the QLD economic response to COVID-19 impacts.
The second round of the Grant program will open on 1 July 2020, with up to $100 million being made available to micro & small businesses based in South East & Regional Queensland.
As part of the 'Round 2' program, funding is being equally divided between Regional Queensland and South East Queensland areas.
Additionally, as part of our 'Key Dates - Notification' series, we will include a reminder of the opening for applications.
Determining South East QLD vs Regional Queensland Classification
When applying for Round 2 of the Grant program, 'South East Queensland (SEQ)' businesses are classified as those with a principal place of business located in one of the following Local Government areas:
|Brisbane City Council||City of Gold Coast|
|Ipswich City Council||Logan City Council|
|Moreton Bay Regional Council||Noosa Shire Council|
|Redlands City Council||Scenic Rim Regional Council|
|Somerset Regional Council||Sunshine Coast Regional Council|
|Toowoomba Regional Council|
Under the criteria, 'Regional Queensland' business are classified as those with a principal place of business in any other Local Government areas within Queensland, not identified as a SEQ location.
Small Business Adaption Grant - Round 2 Details
The available grant amount is a minimum of $2,000 and up to a maximum of $10,000 per eligible small or micro-business, and again can be used towards the following:
- Financial, legal or other professional advice to support business sustainability and diversification;
- Continuing to meet business operational costs - including utilities, council rates, rent, telecommunication charges, insurance fees, licensing, or franchise fees;
- Strategic planning, financial counselling or business coaching aligned to business development and diversification;
- Building the business through marketing and communication activities (e.g. content development - web pages, mobile apps, visual and audio media, etc);
- Digital / technological strategy development;
- Digital training or re-training and up-skilling employees to adapt to new business models;
- Capital costs associated with meeting COVID-19 safety requirements; and
- Specialised digital equipment or business specific software to more business operations online
Program / Grant Eligibility Criteria
Criteria issued for Round 2 of the Grant is per Round 1 eligibility.
However, successful applications from Round 1 of the program cannot apply for funding under this second stage. If you have submitted a Round 1 application, but did not receive any return response, you are eligible to apply for Round 2.
How to Apply?
For further information, frequently asked questions, and to apply - please refer to: https://www.business.qld.gov.au/starting-business/advice-support/grants/adaption
For More Information
For more information, or to discuss how we can be of assistance with forming an application, please contact the Archer Gowland office on (07) 3002 2699.