Grants and funding programs
Queensland, Australian and local government agencies offer financial concessions to eligible businesses. This support can be in the form of:
- 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).
- Find industry-specific grants and funding programs using the Australian Business Licence and Information Service (ABLIS).
- Find Australian, state and territory government grants using the Australian Government Grants and assistance tool.
- Search the Queensland Government Grants Finder for available grants and assistance programs.
- Read about other ways to fund your business.