Grant opportunities for small business

GRANT OPPORTUNITIES FOR SMALL BUSINESS

$1,500 Small Business Rebate Scheme opens

Businesses must register for $1,500 rebate on government fees and charges

Small businesses are encouraged to sign up online for a new $1,500 rebate scheme to help cover the cost of NSW and local government fees and charges.

The Small Business Fees and Charges Rebate is open to small businesses which have a total wages bill below the new 2020-21 $1.2 million payroll tax threshold and have a turnover of at least $75,000 per year.

It is available from 1 April 2021 until 30 June 2022, for eligible fees and charges due and paid from 1 March 2021.

Fees and charges that can be claimed back through the scheme include liquor licences, food authority licences, council rates and outdoor seating fees.

The launch of the rebate scheme coincides with a number of licence waivers coming to an end.

To register and view more information, including the full guidelines, visit service.nsw.gov.au

Skilling for Recovery Support

Skilling for Recovery is a key component of the NSW Government’s COVID-19 Recovery Plan. The priority is to support the State’s economic recovery by providing the skills businesses need to sustain economic development.
The goal is to prepare for the jobs of the future through a resilient and stronger workforce.
Support under the program includes:
Skills brokers – localised assistance across NSW to help retrain or upskill staff or to find trained staff to fill roles with specific skill requirements. https://www.training.nsw.gov.au/…/skills…/index.html
Workforce development – supports large employers and investors in NSW in developing and implementing customised workforce development strategies. https://www.training.nsw.gov.au/…/workforce…/index.html
Construction industry initiatives – supports construction contractors to build workforce capability and capacity by providing fee-free part qualifications to address current and future skills shortages. https://www.training.nsw.gov.au/…/construction/index.html
Funded qualifications – full and part qualifications are available to support young people and job seekers find rewarding employment across target industries, as well as support to help people who need to retrain or up-skill to stay in work. https://www.training.nsw.gov.au/pro…/sfr/funded/index.html
NSW JobTrainer – provides fee-free training courses for young people, job seekers and school leavers to gain skills in Australia’s growing industries. https://education.nsw.gov.au/campaigns/jobtrainer

Regional Jobs Creation Fund

The NSW Government’s $100 million Regional Job Creation Fund was launched in October 2020 to support existing businesses in Regional NSW to grow and encourage interstate or overseas businesses to invest in Regional NSW.
The Regional Job Creation Fund’s focus is to co-fund projects creating at least five (5) sustainable regional jobs. Applicants must provide a minimum 50% cash co-contribution to the project and the NSW Government contribution will be no more than $20,000 per new job created through the project.
The program closes at 5.00pm on Friday, 14 May 2021: https://www.investregional.nsw.gov.au/…/regional-job…/

Here are eight grants that small businesses can apply for:

 

1. Export Market Development Grant

Encourages small and medium sized Australian businesses to develop export markets. Reimburses up to 50 per cent of eligible export promotion expenses above $10,000, as long as total expenses are above $20,000.

 

2. R&D Tax incentive

A tax offset designed to help businesses of all sizes offset some of the costs of doing research and development. It has two core components:

a 45 per cent refundable tax offset (equivalent to a 150 per cent deduction) for businesses with a turnover of less than $20 million a year
non-refundable 40 per cent tax offset (equivalent to 133 per cent deduction) for larger businesses.

 

3. TCF Small Business Program

Provides grants of up to $50,000 for projects to improve the business enterprise culture of established small textile, clothing and footwear (TCF) business. The businesses must manufacture or design a TCF product in Australia. They

must also have fewer than 20 employees and have turnover of at least $100,000.

 

4. T-QUAL

T-QUAL (or tourism quality) grants aim to increase Australia’s supply of quality tourism products by providing matched funding of up to $100,000 to large and small-scale tourism projects.

 

5. Commercialisation Australia

Programs to help businesses commercialise their ideas. There are four basic components, with the first three limited to companies with less than $10 million annual turnover:
Skills and Knowledge – up to $50,000 to access specialist advice and services.
Experienced Executives – funding of up to $350,000 over two years to engage an experienced chief executive officer or other executives.
Proof of Concept – grants up to $250,000 to assist with testing the commercial viability of the business model or idea for a product, process or service.
Early Stage Commercialisation – grants up to $2 million to develop a new product or service to the stage where it can be taken to market.

 

6. Clean Technology Investment Program

An $800 million grants program to support Australian manufacturers to maintain competitiveness. The program provides grants for investments in energy efficient capital equipment and low emission technologies, processes and products. Minimum grant size is $25,000 and there is no maximum.

 

7. Enterprise Connect

This offers free comprehensive business review, followed by the opportunity to access up to $20,000 in dollar-for-dollar funding to implement the recommendations of the review. The projects cannot be part of the normal course of the business. Instead they must add new expertise to the business or build its internal capability.

 

8. Advice

Local Business Enterprise Centres can provide government-assisted advice to small businesses or refer them on to other agencies for government-assisted advice. Business Enterprise Centres Australia chief executive Jackie Zelinsky says there’s an increasing demand for small business advice from small businesses and 67 per cent of BEC’s clients are home-based micro businesses.

GRANT OPPORTUNITIES FOR SMALL BUSINESS

$1,500 Small Business Rebate Scheme opens

Businesses must register for $1,500 rebate on government fees and charges

Small businesses are encouraged to sign up online for a new $1,500 rebate scheme to help cover the cost of NSW and local government fees and charges.

The Small Business Fees and Charges Rebate is open to small businesses which have a total wages bill below the new 2020-21 $1.2 million payroll tax threshold and have a turnover of at least $75,000 per year.

It is available from 1 April 2021 until 30 June 2022, for eligible fees and charges due and paid from 1 March 2021.

Fees and charges that can be claimed back through the scheme include liquor licences, food authority licences, council rates and outdoor seating fees.

The launch of the rebate scheme coincides with a number of licence waivers coming to an end.

To register and view more information, including the full guidelines, visit service.nsw.gov.au

Skilling for Recovery Support

Skilling for Recovery is a key component of the NSW Government’s COVID-19 Recovery Plan. The priority is to support the State’s economic recovery by providing the skills businesses need to sustain economic development.
The goal is to prepare for the jobs of the future through a resilient and stronger workforce.
Support under the program includes:
Skills brokers – localised assistance across NSW to help retrain or upskill staff or to find trained staff to fill roles with specific skill requirements. https://www.training.nsw.gov.au/…/skills…/index.html
Workforce development – supports large employers and investors in NSW in developing and implementing customised workforce development strategies. https://www.training.nsw.gov.au/…/workforce…/index.html
Construction industry initiatives – supports construction contractors to build workforce capability and capacity by providing fee-free part qualifications to address current and future skills shortages. https://www.training.nsw.gov.au/…/construction/index.html
Funded qualifications – full and part qualifications are available to support young people and job seekers find rewarding employment across target industries, as well as support to help people who need to retrain or up-skill to stay in work. https://www.training.nsw.gov.au/pro…/sfr/funded/index.html
NSW JobTrainer – provides fee-free training courses for young people, job seekers and school leavers to gain skills in Australia’s growing industries. https://education.nsw.gov.au/campaigns/jobtrainer

Regional Jobs Creation Fund

The NSW Government’s $100 million Regional Job Creation Fund was launched in October 2020 to support existing businesses in Regional NSW to grow and encourage interstate or overseas businesses to invest in Regional NSW.
The Regional Job Creation Fund’s focus is to co-fund projects creating at least five (5) sustainable regional jobs. Applicants must provide a minimum 50% cash co-contribution to the project and the NSW Government contribution will be no more than $20,000 per new job created through the project.
The program closes at 5.00pm on Friday, 14 May 2021: https://www.investregional.nsw.gov.au/…/regional-job…/

Here are eight grants that small businesses can apply for:

 

1. Export Market Development Grant

Encourages small and medium sized Australian businesses to develop export markets. Reimburses up to 50 per cent of eligible export promotion expenses above $10,000, as long as total expenses are above $20,000.

 

2. R&D Tax incentive

A tax offset designed to help businesses of all sizes offset some of the costs of doing research and development. It has two core components:

a 45 per cent refundable tax offset (equivalent to a 150 per cent deduction) for businesses with a turnover of less than $20 million a year
non-refundable 40 per cent tax offset (equivalent to 133 per cent deduction) for larger businesses.

 

3. TCF Small Business Program

Provides grants of up to $50,000 for projects to improve the business enterprise culture of established small textile, clothing and footwear (TCF) business. The businesses must manufacture or design a TCF product in Australia. They

must also have fewer than 20 employees and have turnover of at least $100,000.

 

4. T-QUAL

T-QUAL (or tourism quality) grants aim to increase Australia’s supply of quality tourism products by providing matched funding of up to $100,000 to large and small-scale tourism projects.

 

5. Commercialisation Australia

Programs to help businesses commercialise their ideas. There are four basic components, with the first three limited to companies with less than $10 million annual turnover:
Skills and Knowledge – up to $50,000 to access specialist advice and services.
Experienced Executives – funding of up to $350,000 over two years to engage an experienced chief executive officer or other executives.
Proof of Concept – grants up to $250,000 to assist with testing the commercial viability of the business model or idea for a product, process or service.
Early Stage Commercialisation – grants up to $2 million to develop a new product or service to the stage where it can be taken to market.

 

6. Clean Technology Investment Program

An $800 million grants program to support Australian manufacturers to maintain competitiveness. The program provides grants for investments in energy efficient capital equipment and low emission technologies, processes and products. Minimum grant size is $25,000 and there is no maximum.

 

7. Enterprise Connect

This offers free comprehensive business review, followed by the opportunity to access up to $20,000 in dollar-for-dollar funding to implement the recommendations of the review. The projects cannot be part of the normal course of the business. Instead they must add new expertise to the business or build its internal capability.

 

8. Advice

Local Business Enterprise Centres can provide government-assisted advice to small businesses or refer them on to other agencies for government-assisted advice. Business Enterprise Centres Australia chief executive Jackie Zelinsky says there’s an increasing demand for small business advice from small businesses and 67 per cent of BEC’s clients are home-based micro businesses.