Grants and Funding Opportunities
There are various grants and subsidies recently released from the Federal Government in response to Covid-19. Some of them are:
- Cash flow boost with up to $100,000 provided back to eligible businesses in form of a tax credit from 28 April 2020.
- Support for employers of apprentices and trainees by subsidising up to 50% of wages paid to apprentices and trainees between 1 January 2020 and 30 September 2020.
- Tax Support in the form of some relief from tax obligations is being offered by businesses affected by the outbreak, these are being assessed on a case-by-case basis.
- SME Guarantee Scheme allows for the Government to provide a guarantee of 50 per cent to lenders for new unsecured loans of up to $250,000. The loans are to be used for working capital for small to medium enterprises with a turnover of up to $50 million.
- The Instant Asset Write-Off (IAWO) Threshold has been increased to include eligible assets each costing less than $150,000. The threshold applies on a per asset basis, so eligible businesses can immediately write‑off multiple assets.
For more information and an up to date list of Government initiatives click the above underlined links or visit www.business.gov.au.
For more resources to assist in dealing with COVID-19 click here.
Boosting Female Founders (BFF) Initiative
The BFF Initiative aims to help female founders by providing grants between $25,000 and $400,000 on a co-contribution basis to successful applicants. Eligible female founded (majority owned and led by women) startups can apply.
Eligible Expressions of Interest will be accepted until 14 April 2020.
For full details visit business.gov.au/BFF
Small Business Drought Support
The drought has impacted small businesses and communities across NSW, with farming and non-farming businesses feeling the strain of unprecedented dry conditions.
Please read the following letter from the NSW Small Business Commission outlining the range of services available. Click here: NSWSBC - Letter to businesses re drought
The NSW Small Business Commission has developed a factsheet outlining support for non-farm based businesses, available here.
Farm-based businesses can find information on support specific to their needs on the NSW Drought Hub.
Any business can contact the NSW Small Business Commission to discuss on 1300 795 534 or email email@example.com.
To assist with managing stress during this time the Rural Adversity Mental Health Program has a number of resources available. Click here: https://www.ramhp.com.au/
Small Business Safety Rebate
A rebate of up to $500 is available to eligible small businesses and sole traders in NSW who buy and install equipment that makes their workplace safer.
For more information and eligibility criteria visit safework.nsw.gov.au
Bathurst Access Improvement for Small Business Grants
The grants aim to assist small businesses with less than 20 employees, and not-for-profit organisations in the local area to improve access to their business for people with a disability. Small businesses and not-for-profit organisations may apply for funding of either 50% of project costs, or up to a maximum of $5,000 on a dollar for dollar basis for projects that improve access to the built environment for people with a disability.
For more information contact Council's Community Services Department on 6333 6523.
Business Growth Grants
Provides businesses with matched funding of up to $20,000 for the cost of hiring an expert to help with implementing the advice and strategies recommended through the Business Evaluation, Growth Services, Supply Chain Facilitation or Tourism Partnerships programmes.
For details visit www.business.gov.au/assistance/
Smart and Skilled Program
The NSW Department of Industry, Smart and Skilled Program, offers support for both students and employers to get the skills needed for jobs in the NSW workforce.
There are a range of Government-subsidised courses and approved training providers to choose from, as well as new fee arrangements.
Under Smart and Skilled, all apprenticeship and most traineeship qualifications are subsidised. Training for existing-worker trainees is not subsidised.
The courses subsidised are on the NSW Skills List. The Skills List identifies courses that help people get the skills they need to find a job. It also aligns with the skills needs of businesses in NSW.
As part of the Smart and Skilled program, Local Governments are also eligible for support in offering pre-employment training, employing apprentices and new entrant trainees, and also upskilling current employees. Information specific to the Local Government Skills Strategy can be found here.
For more information visit the Smart and Skilled website or call 1300 772 104
Grants for wine export promotion
Applications are being invited for the Federal Government’s $500,000 Wine Export Grants program.
These grants are designed to support small to medium wine exporters in capturing export opportunities in China and the USA, by offering reimbursement grants for specific export promotion activities from January 2018.
Small and medium wine producers can claim up to $25,000 or 50 per cent of the cost of promoting their wine in either country.
The program is part of the Coalition Government’s $50 million Export and Regional Wine Support Package to showcase Australia’s world class wine industry and drive demand.
Applications can be made until 1st May 2020.
More information and applications forms can be found here at wineaustralia.com
Tackling Tough Times Together
The Tackling Tough Times Together grant program helps communities access the resources they need to support one another through the ongoing effects of the drought.
This program is designed to provide flexible funding to support community-based activities that both help to relieve current stressors and symptoms, and most importantly, build capacity and resilience for the future. Funds could also support activities that engage your local community in being proactive, exploring options and creating something that will stand the test of tough times.
Thanks to the generous support of our donor partners, grants of up to $20,000 are now available across drought-affected communities nationally. A smaller number of grants valued at up to $60,000 and $150,000 are also available for larger-scale and multi-year projects that have a broader impact. Applications will be accepted on an ongoing basis and assessed quarterly.
For more information, please visit the Foundation for Rural & Regional Renewal website.
NSW Regional Business Event Development Fund
The NSW Regional Business Event Development Fund is designed to help stakeholders create, attract and support exciting business events for Regional NSW and to support new business event initiatives aimed at enriching the events with opportunities offered by iconic towns and regions while helping secure successful conferences and business events for their future.
For more information, please visit www.meetinnsw.com.au/business-event-development-fund.
Cyber Security Small Business Program
Provides businesses with 19 or fewer employees with a grant of up to $2,100 for a certified small business cyber security health check to determine business risk and areas that need attention.
Upgrade your manufacturing equipment and save
In early 2019, the NSW Government will launch a new $16 million funding offer for manufacturers to upgrade their equipment. It will help businesses save energy and money.
There are currently three draft offers being considered.
The NSW Government would like to get your feedback on them in a short survey or if you have your own energy efficiency upgrade project in mind, you can let them know.
For more information, please visit:
CSIRO Kick-Start Program
This program aims to help Australian start-ups and small SMEs (small and medium-sized enterprises) access funding to undertake research, development, or testing activities with CSIRO. It is a targeted program, which forms part of CSIRO’s strategic commitment to deepen its direct support for Australian technology start-ups and SMEs in areas of national growth priorities.
For more information, please visit the CSIRO Kick-Start Program website.
Bathurst CBD Main Street Improvements
Applications are now invited for small grants, under Section 356 of the Local Government Act 1993, to assist property owners and tenants to improve, repair and maintain buildings within the Bathurst CBD.
Grants of between $300 and $5,000 (but not exceeding 50% of the value of the project) will be offered to successful projects.
Applications for funding must be made on Council’s application form which is available on Council’s website at www.bathurst.nsw.gov.au or from Council’s Environmental, Planning and Building Services Department, Civic Centre, Russell Street, Bathurst.
Further information can be obtained by contacting Council’s Strategic Planning Section, on (02) 6333 6211.