Business Basics Grant: The Criteria And Deadlines

The Queensland Government has just rolled out the criteria for the Business Basics grant for small businesses.

Earlier this month three grants were announced by the state government, the ‘Business Basics’ one has just been confirmed with some more information to make the process easier for you. 

Our team at The Alternative Board helps small businesses with grants and proposals, if you need assistance, make sure you get in touch.

The Business Basics Grants programme aims to provide support to new small businesses by increasing their core skills as well as best practices. This program is funded by the Department of Employment, Small Businesses and Training (DESBT).

 If you are able to make it through a list of competitive applicants, you may be eligible for a single up-front grant payment of $5,000 (excluding GST).

The funding is provided for five main activities that the DESBT prioritises, these are:

  • Training and coaching
  • Website build or upgrade
  • Professional business advice
  • Strategic marketing services
  • Business continuity and succession.

NOTE: The fund provided is for one of the five priorities mentioned above.

When to apply?

You may only apply for this grant program prior to the launch of the project, that the money will be invested in. 

Applications open on the 31 May 2021 and close under one of two conditions:

  • When they the funding party has received a sufficient number of competitive applicants, OR
  • 30 June 2021

The grants will be competitive – not all businesses will be receiving the grant so it’s important to adhere to dates and have a strong application.

Who can apply?

The Queensland Government has released a detailed criteria list for the Business Basics Grant. To apply, your business must:

  • have fewer than 20 employees at the time of applying for the grant.
  • have an active Australian Business Number (ABN) and be registered for GST.
  • have a Queensland headquarters.
  • have a turnover of $300,000 or less for the current financial year.
  • not be insolvent or have owners/directors that are an undischarged bankrupt. 

Documentation to prepare:

As this is a competitively assessed program, it is crucial for you to be provide documents that are apt and detailed. When filing your application, you must:

  • Submit a certified statutory declaration from either the business owner or the director that clearly states the annual turnover of the business is not more than $300,000
  • A proposal which clearly states the activities you would like to purchase if and when your business is awarded the grant
  • Provide supplier quotes detailing who will be responsible for the work, description of services and outline key activities. The submitted quotes must not be more than two and should be equal to or at least $5,000 (excluding GST)

For more information, visit the Queensland Government’s business page or get in touch with your local TAB Facilitator. The Alternative Board facilitators can also help with investment strategies for businesses that receive the grant.