Grants and funding programs

Queensland, Australian and local government agencies offer financial concessions to eligible businesses. This support can be in the form of:

  • grants
  • rebates
  • subsidies
  • incentive schemes
  • research fellowships.

Limitations of grants

Grants are a useful source of funding, but they have very specific application requirements and usually relate to a particular industry sector or community to stimulate economic growth, or certain stages of the business cycle, such as developing a product or installing new systems to promote efficiency.

All grants have limitations. Some are limited by a fixed amount of funds allocated to the initiative, some are limited by time, others are limited by business objectives, while others have limits on the size of eligible businesses.

Applying for grants can be a complex and time-consuming process - thorough research is essential to make sure your business is eligible. It can be extremely frustrating spending time on an application only to be turned down.

Other sources of business funding

If you can't find a suitable funding program for your business, other sources of finance may be available (e.g. debt finance or equity finance).

Also consider...