Funding for QLD small and family businesses to buy highly specialised equipment

The Business Growth Fund (BGF) provides grant funding to small and family Queensland businesses experiencing high growth to purchase innovative or highly specialised equipment that increases productivity, market share or export opportunities.

Grants require matched funding from the applicant and support projects that directly contribute to scaling business growth and creating sustainable employment.

Small and family businesses (Queensland) with fewer than 20 employees (headcount) experiencing high-growth.

Direct financial support is available to purchase specialised equipment to grow, increase productivity and efficiency, increase market share or develop and expand export opportunities.

Successful applicants must co-contribute at least 50% of the total project costs.

Grant funding must be used for the purchase of innovative and/or specialised equipment directly contributing to scaling business growth, enhancing productivity and competitiveness, creating sustainable employment opportunities, and maximising economic returns.

Examples of eligible highly specialised equipment include production equipment to meet otherwise unachievable growth demand, advanced manufacturing or digital equipment and systems, and advanced logistics systems and equipment.

Applicants that pass the eligibility check and initial assessment will be invited to complete a full application, which will be competitively assessed.