The Business Growth Fund targets high-growth businesses who can accelerate growth, drive Queensland's economy and employ more Queenslanders.
The program provides funding for small and medium-sized businesses experiencing high-growth to buy specialised equipment to unlock growth potential, increase production, expand your workforce and maximise economic returns.
Funded businesses are expected to:
- increase confidence for growth
- transitioning from small to medium-sized
- increase productivity, turnover, profit and employment by 20%
- improve confidence to automate, scale up, increase market share, diversify and/or exploit exporting opportunities.
You must also fund at least 25% of project costs to buy and implement the specialised equipment.
To learn more and for full eligibility criteria, visit Business Growth Fund.