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    Minister for Employment and Small Business and Minister for Training and Skills Development
    The Honourable Shannon Fentiman

    $50,000 to help local businesses grow

    Minister for Employment and Small Business and Minister for Training and Skills Development
    The Honourable Shannon Fentiman

    Wednesday, March 28, 2018

    $50,000 to help local businesses grow

    Queensland businesses wanting to grow and create more local jobs can now apply for funding up to $50,000 under the Business Growth Fund.

    Minister for Employment and Small Business, Shannon Fentiman, today announced the $2.3 million fund is open for applications.

    “We know that small business take a lot of risks when expanding.

    “We want more businesses to expand sustainably with expert advice and support, to provide Queenslanders with strong stable jobs.

    “That’s what this new fund will achieve and I’m pleased this fund will now assist medium and small sized businesses to reach their goals.”

    “The Business Growth Fund will provide targeted assistance so that businesses can purchase specialised equipment or access professional advice to help their business grow.

    “This is a huge opportunity for Queensland businesses looking to take their business to the next level of growth, with more than $2 million in funding available.

    “The Palaszczuk Government knows small businesses are the engine room of our diverse Queensland economy and investing in them to get off to the best possible start leads to more local jobs.

    “Since the Palaszczuk Government came to office we have worked with business and industry to create more than 160,300 new jobs in Queensland.”

    Fleur Trickey, Managing Director of Redzed Cookies on the Gold Coast is a previous small business grant recipient and welcomed the announcement of the new Business Growth Fund.

    “We used our grant last year to engage with a business mentor to work toward expanding Redzed Cookies and now we are looking at entering the overseas market,” Ms Trickey said.

    “When you’re running your own business it’s just you, so being able to connect with a professional mentor was invaluable.”

    “It’s like having access to your own board of directors who you can talk things through with and receive the advice and support you need to take your business to the next level.”

    Applicants will go through a 2 stage assessment process, including a Shark Tank-style pitch during which they’ll have to put their plans to a panel of business experts.

    The Business Growth Fund is open to businesses with fewer than 50 employees and a minimum turnover of $500,000. Applicants must be able to make a contribution of between 25 per cent and 50 per cent.

    For more information on how to apply visit: www.business.qld.gov.au/growthfund

     

    ENDS

     

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