GRANT DETAILS
The Business Development Grant Opportunity is part of the Northern Australia Development Program which focuses on economic diversification and job creation through support for scaling up and growing businesses, including Indigenous businesses, in Northern Australian communities.
The program has 2 elements:
- grant opportunities, including Business Development Grants and Industry Transformation Grants
- Business Advisory services, which give access to advice and services to build and strengthen businesses.
This grant is funding for small to medium enterprises in Northern Australia, including Indigenous businesses, to create jobs and strengthen business capability and resilience through diversifying or scaling up their business and increasing turnover and profitability.
This program is open for applications throughout the year. The assessment committee receives batched applications to consider
approximately every 3 months. View the website for the latest applications assessment dates. The program is expected to be complete in October 2023.
Eligibility criteria
To be eligible you must have an Australian business number (ABN) and be one of the following entities:
- an entity incorporated in Australia and a trading corporation
- an incorporated trustee on behalf of a trust.
Your trading activities must:
- form a sufficiently significant proportion of the corporation / trust’s overall activities as to merit it being described as a trading corporation / trust; or
- be a substantial and not merely peripheral activity of the corporation / trust.
You must also:
- be a small to medium business – up to 199 employees
- have a minimum eligible project of $100,000.
Eligible projects
Your project must:
- be located in or will significantly benefit Northern Australia
- involve scaling up or diversifying a small to medium business.
If you receive a grant, you must work with a Strengthening Northern Australian Business facilitator to develop and implement a business roadmap.
The roadmap will include recommendations and opportunities for your business.
Joint applications are encouraged provided you have a lead organisation who is the main driver of the project and is eligible to apply.