QLD Business Growth Fund Program

Overview of Competition

Applications for Round 6 have closed. Future rounds will be announced imminently; please check the Business Queensland website for updates.

The Business Growth Fund Program supports small to medium-sized businesses in Queensland by providing funding to purchase and implement highly specialised equipment or services. This assistance aims to accelerate business growth, increase employment, and drive the Queensland economy.

Fund Details

The program aims to:

• Support businesses in accelerating growth and increasing competitiveness.
• Drive the Queensland economy by creating employment opportunities.
• Assist in the purchase and implementation of specialised equipment or services.

Eligibility

To be eligible, applicants must:

• Have a minimum turnover of $500,000.
• Have fewer than 50 employees.
• Have a Queensland headquarters or significant presence in Queensland.
• Have been trading for at least three years.
• Provide a minimum 25% cash contribution to the total project cost.

Additionally, the project must:

• Be aimed at accelerating business growth.
• Be completed within 12 months of funding approval.
• Demonstrate a clear return on investment.