The Queensland Government have announced a new grant program for small and micro businesses subject to closure or highly impacted by the coronavirus (COVID-19) government shutdown restrictions.
The aim of the program is to see these small businesses:
- prepare for the safe resumption of trading in the post COVID-19 recovery
- access digital technologies to rebuild business operations and transition to a new way of doing business
- respond to online opportunities, where possible, to sustain employment and maintain potential for longer-term growth
- up-skill and re-skill business owners and staff to benefit from new technologies or business models
- embrace business diversification to adapt and sustain operations
- create or retain employment.
Each eligible small or micro business can apply for a maximum of $10,000. The funding can be used towards the following:
- financial, legal or other professional advice to support business sustainability and diversification
- strategic planning, financial counseling, or business coaching aligned to business development and diversification
- building the business through marketing and communications activities, for example, content development such as 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 specific software to move business operations online
- meeting business costs, including utilities and rent.
The Grant guidelines state that grant funds can only be used toward the above activities occurring form 23 March 2020 with a project completion date of a maximum 6 months from approval.
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 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 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 or directors that are an undischarged bankrupt.
It is important to note that only one application will be accepted from an individual ABN or a financial beneficiary of a business.
As was the case with the Queensland Government’s QRIDA loan offering, grant applications are considered on a “first come, first served” basis, however it is noted that the Department of Employment, Small Business and Training are also assessing each application’s “value for money”.
Applications will not be considered until all requested supporting documentation has been provided.
Funding is paid upon approval and within 1 months of completing the project applicants must complete and submit an acquittal report through SmartyGrants and submit copies of supplier invoices and proof of purchase for the total project cost.