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New Stimulus – Queensland Government – Small Business Adaptation Grant Program

The Small Business Adaption Grant Program was announced this week to support small businesses – which were subject to closure or highly impacted by the COVID-19 shutdown restrictions to adapt and sustain their operations and build resilience.

This grant program will allow Queensland small and micro businesses to apply for up to $10,000 which 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.

Eligibility Criteria

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 of 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

Only 1 application will be accepted from an individual ABN or a financial beneficiary of a business.

Successful applicants cannot reapply for funding under this grant program.

Applying for the Grant

Applications are open now and will close when funding has been exhausted.

To apply, complete the following steps:

  1. go to www.business.qld.gov.au/adaption-grants
  2. read the application guidelines, terms and conditions and frequently asked questions (FAQ’s)
  3. apply using the SmartyGrants link

Assessment Process

In addition to meeting the eligibility criteria, applications will be assessed against the following:

  • funding availability – applications will be processed on a ‘first come, first served’ basis, and therefore not all applications will be successful
  • submission of a complete application form, with all requested supporting documentation included (i.e. your application must contain the requested supporting documentation, otherwise you will be contacted to provide appropriate evidence and this may delay your applications progress)
  • value for money, as determined by the Department of Employment, Small Business and Training (DESBT).

Grant Payments

Funding will be paid upon approval of your grant application form

Within 1 month of completing the project, applicants must:

• complete and submit an acquittal report through SmartyGrants
• submit copies of supplier invoices and proof of purchase for the total project cost

Grant recipients may be subjected to a random audit by DESBT to ensure that the information provided is true and correct. Where it is found that false or misleading information has been provided, penalties may apply, including refunding to DESBT some or all of the grant funding.

Full details on the program, including the eligibility criteria ans application process, is available at www.business.qld.gov.au/adaption-grants

If you have any questions, please do not hesitate to contact your 4Front Team on 07 3245 9966.

Carmine, Drue and the 4Front Team.

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