There’s no denying many businesses are still hurting from the effects of COVID-19.
The Queensland Government is extending the Small Business COVID-19 Adaption Grant Program. Queensland small and micro businesses can apply for grants valued up to $10,000 from 1st July, 2020 as part of Stage 2 of Queensland's Economic Recovery Strategy: Unite and Recover for Queensland Jobs.
Round 2 funding is being equally divided between regional Queensland and South East Queensland (SEQ):
South East Queensland Businesses - 100% Funds Allocated
You are a South East Queensland (SEQ) business if your principal place of business is located in 1 of the following local government areas:
- Brisbane City Council
- City of Gold Coast
- Ipswich City Council
- Lockyer Valley Regional Council
- Logan City Council
- Moreton Bay Regional Council
- Noosa Shire Council
- Redlands City Council
- Scenic Rim Regional Council
- Somerset Regional Council
- Sunshine Coast Council
- Toowoomba Regional Council
You are a 'regional business' if your principal place of business is any other local government areas within Queensland that is not identified as a SEQ location.
First things first, are you eligible?
To be eligible, your business must:
- Have been subject to closure or otherwise highly impacted by current shutdown restrictions
- Have demonstrated a reduction of 30% of revenue (if you’ve been granted JobKeeper, you’re entitled)
- Employ staff and have fewer than 20 employees at the time of applying
- Have a valid Australian Business Number (ABN)
- Be registered for GST
- Have a Queensland headquarters
- Have an annual turnover over $75,000 for the 2018–19 or 2019–20 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 per round will be accepted from an individual ABN or a financial beneficiary of a business.
Successful applicants from round 1 of this program cannot apply for funding under round 2. If you have submitted a round 1 application but haven't heard back yet, you are eligible to apply for round 2.
What can the grant money be used for?
You can put the funds towards:
Updating your old website
Creating a new website
Opening an online store
Note: Grant funds can be used towards any of the above activities occurring from 23 March 2020 onwards. Projects must be completed within a maximum of 6 months from the date of approval.
Unsure where or how to start?
Let us help you get the application process started. Once the grant money is gone, it’s gone. As Small Business represents 97% of all businesses in Queensland, we think the $100 million will go very quickly.