A State-by-State guide to small business grants and allowances in Australia
Navigating a changing economy isn’t always straightforward, but Australian small businesses are used to embracing new opportunities. Grants and allowances may be available for small business owners to lean on either in times of financial need or ahead of a growth venture. We’ve rounded up the essential details of a whole spread of funding and rebates from each state and territory in Australia.
Australia
| Grant or allowance | Grant amount | Key eligibility |
|---|---|---|
| JobMaker Hiring Credit | Up to $200 a week | Hiring of employees aged 16 to 35 years old |
| Australian Apprenticeships Incentives Program | Up to $4,000 | Hiring or contracting of apprentices |
| Advancing Renewables Program | Matched funding of up to $50 million | Investment in renewable technology |
| NewAccess for Small Business Owners | Free and confidential coaching | Small business owners not currently seeing a psychologist or psychiatrist |
Staff shortages have been impacting small business owners since before the pandemic, with many needing to adapt their business strategy to cope with the changes. The Australian Government’s JobMaker Hiring Credit is incentivising businesses to hire job seekers aged 16 to 35 with an allowance of:
- Up to $200 a week for each eligible employee aged 16 to 29 years old
- Up to $100 a week for each eligible employee aged 30 to 35 years old
There’s also the Australian Apprenticeships Incentives Program , giving businesses the opportunity to receive payments for employing or contracting eligible apprentices. Payments range from $750 to $4,000, depending on the incentive.
Meanwhile, the Advancing Renewables Program provides businesses looking to undertake renewable energy projects matched funding of between $100,000 and $50 million. The scheme aims to fund projects from businesses that invest in renewable energy technology.
NewAccess for Small Business Owners is a mental health coaching program developed by Beyond Blue which provides free and confidential assistance to small business owners. Business owners currently seeing a psychologist or psychiatrist, or currently dealing with complex mental health issues, are not eligible.
Search for more grants and opportunities here.
Northern Territory
| Grant or allowance | Grant amount | Key eligibility |
|---|---|---|
| Business Growth Program | Up to $10,000 | Annual turnover of between $75,000 and $10 million |
| Aboriginal Workforce Grants | Various | Employment of Aboriginal employees |
The Northern Territory’s Business Growth Program should be the first stop for Territory small businesses. Small and medium businesses with an annual turnover of more than $75,000 can apply for up to $10,000 based on a 25/75 co-contribution for initiatives that develop the business in any of the following categories:
- Strategy
- Marketing
- Operations
- Finance
- People and culture
Workforce grants may also be available for projects that support the employment and professional development of Aboriginal people. Eligible projects must include elements such as structured mentoring, on-site support and, in some cases, transport and/or accommodation.
Search for more NT grants and opportunities here.
New South Wales
| Grant or allowance | Grant amount | Key eligibility |
|---|---|---|
| Women in Business | Subsidised online training | Fewer than 200 employees |
| SafeWork small business rebate | Up to $1,000 | Fewer than 50 full-time employees |
| Alfresco Restart rebate | Up to $5,000 | Aggregated annual turnover less than $10 million |
Women across the state of New South Wales who wish to start up or grow their business can look into the fully subsidised.....
The information on this website is provided for general information only and does not take into account your personal situation. You should consider whether the information is appropriate to your needs, and where appropriate, seek professional advice from financial, legal and taxation advisers. Although every effort has been made to verify the accuracy of the information, we disclaim all liability (except for any liability which by law cannot be excluded), for any error, inaccuracy, or omission from the information or any loss or damage suffered by any person directly or indirectly through relying on this information.