Author: Michael Brennan
“This is a huge boost for SME businesses struggling to work out how to move forward with business.”
Small Business Adaption Grants announced today by the Qld State Government will provide SMEs the funding to get expert advice on how to plan their next steps through the COVID maze.
The Grants are specifically aimed at employers that are small and micro businesses. The funding is up to $10,000 and can be used for:
- financial, legal or other professional advice to support business sustainability and diversification;
- strategic planning, financial counselling or business coaching aligned to business sustainability and diversification;
- building the business through marketing and communications activities, such as 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); and
- meeting business costs, including utilities, rent.
This is a huge boost for SME businesses struggling to work out how to move forward with business. Vital cash reserves can be applied to trading with the SBA Grant funding being used to fund expert assistance for the owners.
The Grants will be assessed on a first in, first served basis so early applicants need to be prepared with all of the relevant information to meet eligibility requirements. For most, the eligibility will have been met via previous programs such as ATO Cash Boost and JobKeeper. Successful applicants will need grant ready proposals to satisfy the Department.
Offermans has been part of a very vocal group advocating for assistance for business in this space and congratulate the Queensland Government for moving forward with this Grant offering.
For more information contact Offermans to help you to plan your pivot and prosper.