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Business Growth Fund Round 6 Now Open


The Business Growth Fund (BGF) targets high-growth businesses who can accelerate growth, drive Queensland's economy and employ more Queenslanders.

Eligible business size:

 		Small to medium-sized businesses with 5–49 employees (headcount)
Status:

 		Open
Opening date:

 		Stage 1: Expression of interest (EOI) opened 9am, Wednesday 1 May 2024
Closing date:

 		Stage 1: Expression of interest (EOI) closes 5pm, Tuesday 14 May 2024
Application process:
  • Stage 1: Expression of interest (EOI)
  • Stage 2: Full application (selected EOI applicants only)
  • Stage 3: Pitch (selected Stage 2 applicants only)
Grant type:

 		Competitive – not all applications will be funded
Available funding:

 		$50,000 – $75,000 (excluding GST) per project
Co-contribution:

 		At least 40% of total project cost
Project length: 

 		Maximum 12 months
Payment milestones:
  • Milestone 1: 20% on approval and acceptance of funding agreement
  • Milestone 2: 40% on completion of a compliant 3-month report
  • Milestone 3: 40% on acquittal and completion at 12 months

Eligibility criteria

Check your eligibility to find out if your business can apply for the program.

Your business must be an established, financially sound, small to medium-sized Queensland business with the potential for high-growth within the next 2 years.

High-growth is defined as an average annualised 20% increase in turnover, and/or employment in the last 2 years.

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