Top 6 Places to Find Grants to Grow Your Business
At some stage in your business cycle, you may require a cash injection. Maybe you’re looking for funds to develop new products or services. Perhaps you need help to keep pace with ever-changing technology or marketing techniques. Or it could just be that you want to step it up a notch and take your business to the next level.
Applying for free – yes, free – government grants for small business can be a great way of accessing sorely-needed funding without having to give away equity.
The good news is, there are quite a few business grants – more than 300 – available to help you out. It’s something many small business owners aren’t necessarily aware of.
When it comes to funding your business with a government grant, there are plenty out there from all levels (local, state and federal).
But what is a grant? And how can you access one? Grants are essentially money awarded to businesses that meet the criteria. They’re different to a loan because you don’t have to pay them back. Sounds too good to be true, right?
To be successful, grant applications require detailed research and solid preparation. You will need to meet strict guidelines to be eligible, and the application process can be tricky, sometimes confusing, and detailed. But we strongly believe it’s worth it if you want to move your business forward.
Government grants are generally for a specific project, not a business in general. This means you will need a specific plan to be eligible, not just a general business idea. There are a few grants specifically for starting a business, but there are also grants for business activities such as expansion, training and research and development, importing and exporting, artistic endeavours and so much more.
At Synergy Accountants, we assist with grant applications all the time, because we believe in giving you and your business the tools needed to succeed. It’s worthwhile having a chat with us so we can show you the ropes and help with the paperwork, eligibility criteria and ongoing accountability – from start to finish. You can then concentrate on the growth of your business. Because after all, your growth is our business.
So, let’s check out some of the resources online that can point you in the right direction…
Business – Australian Government
This is an excellent site to visit to start. Here, you will discover all the tools to help find grants and assistant programs in your area. The site is super simple to navigate. Just pop in your postcode and the site does the rest for you. Whether it is funding for training and skills development, upgrading equipment, or help in research and development of products and services, this site can help you find the right grant.
This is the official site for the Australian government grants and information system. Click the “view all” button, and you’ll see a complete list of grants available, categories, opening and closing dates and detailed descriptions of each grant. An excellent resource.
Specifically for businesses in Queensland, this is your one-stop shop for all the grants available in the sunshine state. Advance Queensland is the official Queensland Government website which provides opportunities for start-ups, entrepreneurs and small businesses with grants and funding opportunities. There is a grant for almost every industry and every pathway from rural and indigenous, small business and scientific, investment and technology. User friendly and simple to navigate.
This is another excellent web resource for finding a grant that suits your business and where your business is in its life cycle. There are tips and tricks, strategies and plans for applying for grants, there is even a section on why some grants fall over and how to avoid those pitfalls. A complete list of Queensland grants is offered in a clear and easy-to-read format. So, whether you are in tourism and innovation, digital and technology, even social and justice enterprise, you will find it.
If you’re looking for farm loans, grants, scholarships or agricultural funding opportunities to develop your skills, expand your farming business or support you in a time of need, Farmtable is where you’ll want to click. This Australian AgFunding farm database brings together funding programs relevant to Australian farmers, rural entities and agribusinesses from across government, education, community and private institutions. Flood, drought or other natural disaster relief assistance information is all here.
You can browse the AgFunding database by state or by area of funding, or use the search tool to discover and browse. By bringing all these funding opportunities together in the one place, it’s easy to find a relevant grant, loan, subsidy, scholarship, or rebate for you and your Ag business.
A one-stop shop for grants and support for NSW businesses. There is something here for everyone – a website detailing how the NSW is unlocking more opportunities for small business, including those in regional NSW.
So now it’s time for you to start searching for a grant to help your business grow. Remember to give us a call if you have any questions or need some advice.
P.S. One thing to be aware of when it comes to business grants is there are scams out there requesting money for grant information. Government grant information is available free online and you never need to pay for it.
Disclaimer: Whilst this publication has been carefully prepared it is written in general terms and is intended as general information and to provide commentary. It does not purport to be comprehensive or render any advice. No one should rely on information contained in this publication without first obtaining professional advice relevant to their specific situation.
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