Would $10k from the QLD Government help your business bounce back?
Are you feeling the pinch after lockdown? Has all this time stuck inside spurred some new, creative ideas for your business, but you aren’t sure how to get them off the ground? Would $10,000 help?
Rarely does the opportunity come around that allows you to re-invent part of your business and almost never is there the opportunity to have someone else pay for it.
In promising news for those struggling through the pandemic, the Queensland Government has announced the Small Business Covid-19 Adaptation Grant to help small businesses that have been subject to closure or significantly impacted by the recent shutdown restrictions. The grant aims to help businesses to:
- Adapt to the new business environment
- Sustain their operations
- Build resilience in their business model & processes
The available grant amount is up to a maximum of $10,000 per eligible small or micro business which can be used to fund the following types of services:
- 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
Am I eligible to apply?
Basic eligibility requires you to employ fewer than 20 people and have a turnover in excess of $75,000.
Other eligibility requirements include:
- your business has been subject to closure or otherwise highly impacted by current shutdown restrictions announced by Queensland’s Chief Health Officer on 23 March 2020 [for example fitness industry, beauty industry, hospitality and tourism]
- 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 [NB: not linked to the JobKeeper eligibility requirements]
- 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 of 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.
Only one application will be accepted from an individual ABN or a financial beneficiary of a business.
What could you do with it?
It is great to see the Queensland Government target support like this to the small and micro end of town. There are many things you could potentially do with the money but here are some of the things we can help you with:
- Content development and planning – a white paper
- Brand advice, workshop and refresh exercise
- Marketing strategy advice
- PR campaign and lead generation activities
- Customer centricity workshop
- Market and customer research
- Undertake a sprint with a new product, service or app idea
- Video marketing campaign
- Revamp your existing marketing assets
- Customer service voice assistance strategy (think Google and Alexa)
- Voice enabled call to actions on landing pages
- Turn your current website into an online shop
Don’t delay – this grant will be oversubscribed before you know it.
For more information or to apply yourself directly, visit https://www.business.qld.gov.au/starting-business/advice-support/grants/adaption
If you think this grant can help you but don’t know where to start with the application, then contact us now to help.
We would love to help you ‘rebound’ your business and can help you source any of the above services from our broad networks.