Round 2 | Opening 1 July 2020The Queensland Government is extending the Small Business COVID-19 Adaption Grant Program. As part of Stage 2 of Queensland’s Economic Recovery Strategy – Unite and Recover for Queensland Jobs, up to $100 million is being made available to deliver a second round of grants, with half of this funding specifically earmarked for regional small businesses located outside of South East Queensland.
Only 1 application per round will be accepted from an individual ABN or a financial beneficiary of a business.
Successful applicants from round 1 of this program cannot apply for funding under round 2.
If you have submitted a round 1 application but haven’t heard back yet, you are eligible to apply for round 2.
The Below Article was written by the Queensland Government | Business Queensland
The objective of this program is to support small businesses subject to closure or highly impacted by the coronavirus (COVID-19) shutdown restrictions announced by the Queensland Government, to adapt and sustain their operations, and build resilience. The program aims to see small and micro businesses:
- prepare for the safe resumption of trading in the post COVID-19 recovery
- access digital technologies to rebuild business operations and transition to a new way of doing business
- respond to online opportunities, where possible, to sustain employment and maintain potential for longer-term growth
- upskill and reskill business owners and staff to benefit from new technologies or business models
- embrace business diversification to adapt and sustain operations
- create or retain employment.
Available fundingThe available grant amount is up to a maximum of $10,000 per eligible small or micro business. In recognition of the significant impacts of COVID-19 on small businesses, the funding can be used towards the following:
- financial, legal or other professional advice to support business sustainability and diversification
- strategic planning, financial counselling or business coaching aligned to business development and diversification
- building the business through marketing and communications activities, for example, content development (web pages, mobile apps, visual and audio media etc.)
- digital/technological strategy development
- digital training or re-training to adapt to new business models
- capital costs associated with meeting COVID-19 safe requirements
- specialised digital equipment or business specific software to move business operations online (e.g. logistics program for online ordering)
- meeting business costs, including utilities, rent.
Once the program budget has been fully allocated, applications for the program will close. It is estimated that approximately 10,000 small businesses will be supported through this program.
Applying small and micro businesses must meet the eligibility and assessment criteria to be considered for funding.
Eligibility criteriaTo be eligible, the business must:
- have been subject to closure or otherwise highly impacted by current shutdown restrictions announced by Queensland’s Chief Health Officer on 23 March 2020
- demonstrate that business revenue has been significantly impacted since 23 March 2020 over a minimum 1-month period due to the onset and management of COVID-19
- employ staff and have fewer than 20 employees at the time of applying for the grant
- have a valid Australian Business Number (ABN) active as at 23 March 2020
- be registered for GST
- have a Queensland headquarters
- have an annual turnover over $75,000 for the last financial year
- have a payroll of less than $1.3 million
- not be insolvent or have owners/directors that are an undischarged bankrupt.
Applying for the grantTo apply, complete the following steps:
- check your eligibility
- read the application guidelines , frequently asked questions (FAQ’s) and application tips
- prepare your application and supporting documentation ready to submit when Round 2 opens
- After Round 2 opens, return HERE to lodge an online application (only available after the round opens on 1 July 2020).
Assessment processIn addition to meeting the eligibility criteria, applications will be assessed against the following:
- funding availability – applications will be processed on a first come, first serve basis, and therefore not all applications will be successful
- submission of a complete application form, with all requested supporting documentation included (i.e. your application must contain the requested supporting documentation, otherwise you will be contacted to provide appropriate evidence and this may delay your application’s progress)
- value for money, as determined by DESBT.
Grant paymentsFunding will be paid upon approval of your grant application. Within 1 month of completing the project, applicants must:
- complete and submit an acquittal report through SmartyGrants
- submit copies of supplier invoices and proof of purchase for the total project cost.