The Small Business Grants QLD $5000 opportunity (Queensland’s Business Basics Grants Program Round 5) is open, administered by the Department of Employment, Small Business and Training (DESBT).
If you’re a small business operating in Queensland and you’ve not received funding through the Business Basics Grant Program in the past, this is one you won’t want to miss.
Here’s what you need to know:
| Queensland’s $5000 Small Business Grants Round 5 Key Details | |
| Eligible business size | Small businesses with less than 20 employees (headcount) |
| Opening date | Stage 1: Registration of Interest (ROI) opens at 9am, Wednesday 29 May 2024 |
| Closing date | Stage 1: Registration of Interest (ROI) closes at 5pm, Tuesday 11 June 2024 |
| Application process | Stage 1: Registration of Interest (ROI) Stage 2: Full Application (selected ROI applicants only) |
| Available funding | $5,000 (excluding GST) per grant |
| Co-contribution | None |
| Project length | Maximum 6 months |
| Payment | Upfront payment on approval |
| Key documents | Round 5 documents: Application guidelines Terms and conditions Frequently asked questions Registration of Interest form sample |
Round 5 Business Basics Grants Program Focus Areas
The Business Basics grants program provides support to businesses to increase core skills and adopt best practice. This round of Basics is focused on fostering resilience.
Applicants can apply for funding for grant funded activities under the following priorities:
- Business continuity and succession
- Security planning and solutions
- Sustainability.
Small Business Grants QLD $5000 Eligibility Criteria
To be eligible for this grant, your business must meet the following criteria at the time of application submission:
- have less than 20 employees (by headcount)
- be operating and have an active Australian Business Number (ABN)
- be registered for GST
- have a registered Queensland headquarters location (as per your Australian Business Register (ABR) record)
- have a minimum trading history of 1 year
- have a minimum turnover of $75,000 and maximum turnover of $300,000 for the last financial year (2022–23)
- not have been approved for funding under an earlier Business Basics round
and
- not be insolvent or have owners/directors that are undischarged or currently bankrupt^.
What Can You Spend the Money On?
Business continuity and succession planning (including disaster preparation)
- Develop and implement a business continuity plan to ensure operations can continue in the event of disruptions.
- Develop an incident response plan, risk management plan and/or recovery plan.
- Develop a succession plan tailored to the business’s needs and goals.
- Develop an emergency evacuation plan or training program.
- Purchase emergency kit equipment and related software, such as first aid kit, flashlights, batteries, and portable radio for an emergency kit.
- Implement new or upgrade existing online or cloud-based accounting systems.
Security planning and solutions
- Plan and/or implement physical security measures, such as surveillance cameras, alarms, or access control systems.
- Conduct cyber security risk assessments and implement mitigation systems.
- Implement cyber security measures to protect data and systems, for example, anti-malware, antivirus, backups, data migration, encryption, firewalls, and modems/routers with enhanced security.
Sustainability
- Conduct sustainability assessments or audits to identify areas for improvement and develop action plans.
- Develop or revise a tailored business plan aligned to the business’s specific needs and goals.
- Implement energy-efficient practices or technologies to reduce operational costs and environmental impact.
- Develop a plan to localise the suppliers of your businesses.
Non-eligible activities
- activities bought via direct selling (e.g. by party plan or network marketing)
- delivery, credit card and transaction fees
- fleet vehicles
- franchise fees
- general business operating costs (e.g. bookkeeping/accounting, tax returns)
- goods and services paid using crypto-currencies, cash, barter, or services in-kind
- goods, services, or fees from related parties
- GST, registration, and fees
- marketing/advertising services of any kind
- memberships and joining fees
- other equipment (e.g. televisions, EFTPOS, card/chip readers)
- purchase of stock
- real estate/property, hire, lease, or rental fees
- salaries and wages
- software and licences
- stand-alone computer hardware (e.g. servers, PCs, tablets/iPad, mobile phones)
- travel and accommodation
- utilities (e.g. internet, phone, water and/or waste bills)
- website build/upgrades.
Need help with your small business grants QLD $5000 application? Contact us for a quote.