Your guide to NSW Business Grants

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Needing a business grant in NSW but don’t know where to start, what to apply for or if you’re even eligible?

NSW State government provides financial support and assistance to small businesses across sectors. Our guide to NSW business grants breaks down the different types of grants currently available.

What Is A Business Grant?

Grants are essentially money provided by the government (or person or philanthropist) that help businesses expand, innovate or recover from financial losses.

Unlike loans, small business grants NSW aren’t usually borrowed sources of financial aid where repayment is expected.

What Do I Qualify For?

There are various common grants, including educational, upskill and rebate programmes for which small business owners can apply.

Some grants might only be accessible to businesses within specific growth sectors or companies creating new products or innovating existing ones.

Set aside time researching which grant matches your demands and requirements.

Set aside time researching which grant matches your demands and requirements.

What Are The Criteria?

To be considered eligible for a small business grant NSW 2022, you’ll have to meet specific criteria which varies between programmes.

Look at the details of the grant carefully before submitting your application.

Some of the following criteria might be expected:

- Have an NSW based ABN³

- Be part of the industry the grant is targeted at¹

- Have undertaken projects or completed activities that rebates apply to

- Be engaged in commercial activities that the funding supports

- Have suffered hardship due to an unexpected event such as a pandemic or bushfire - for recovery support type grants

What Documents Are Needed?

If you’re eligible to apply for a new business grant NSW, you’ll need to provide an identity document, proof that you meet the eligibility criteria and other related business documents requested from you - check for all documents before you apply.

Look at the details of the grant carefully before submitting your application.

How Long Does A Grant Application Take To Be Reviewed?

Application reviews vary between grant types, but processing takes can several weeks with possible delays.

What Are The Different Types Of Business Grants?

Grants or government assistant financial aid support the development of businesses and companies affected by natural disasters and COVID-19.

These are the top small business grants NSW.

Boosting Female Founder Initiatives - Round 2

For: female startups

How to apply: Boosting Female Founder Initiatives - round two

Boosting Female Founder Initiative is a five-year programme aimed at female startups. A total of $52 million was appointed to the programme by the Australian government, with an estimated $11.6 million reserved for round two.

The initiative provided finance and support to women-led businesses disadvantaged by inaccessibility to funding and the inability to grow their businesses.

To be considered eligible, a company needed to show sufficient evidence that they’re women-founded, owned and led. The company needs to be 51% women-owned, run by a CEO or equivalent or have a 51% women-dominated founding team.

Successful businesses received a maximum grant percentage of 50%, with grants varying between $25 000 to $400 000. Eligible applicants who met additional criteria - for example, companies located in regional areas or an indigenous-recognised startup - could apply for startup business grants NSW between $25 000 to $480 000.

Applications for round two are now closed, with 38 female-founded started provided with the necessary funding to scale into global and international markets.

Boosting Female Founder Initiative is a five-year programme aimed at female startups.

Entrepreneurs Programme

For: entrepreneurs & small SMEs look to grow, innovate or recover

How To Apply: Entrepreneurs Programme

The NSW Entrepreneurs programme is a client-centred initiative that offers practical advice and valuable expertise to Australian-owned businesses looking to evolve, expand or recover from economic hardship.

Various NSW business grants are available to business owners, tailored to their needs and objectives and supported by independent advisors and facilitators who’ve “walked in your shoes”.

Through the program, you’ll have the opportunity to request grant funding.

The Entrepreneurship programme also includes learning and networking events like workshops, masterclasses, and mentoring that address learning gaps, promote networking, and provide skills advancement and development opportunities. These are available online and virtually.

Accelerating Commercialisation

For: Businesses with a novel product, service or process to commercialise

How To Apply: Accelerating Commercialisation

Accelerated Commercialisation is available to small to medium businesses, startups, researchers, inventors and Research Commercialisation Entities that want to commercialise a novel product, service or process.

The programme is two-part, featuring accelerated commercialisation guidance and grants. You'll first need to apply for accelerated commercialisation guidance before you're considered for financial assistance.

If you're an eligible applicant for commercialisation guidance, you'll be appointed an AusIndustry Customer Service Manager or an Accelerating Commercialisation Facilitator. This expert provides customised advice on your business situation and commercialising your intellectual property.

Successful grant applicants receive matched project funding up to 1 million dollars. Research Commercialisation Entities and Eligible Partner Entities get matched funding to the tune of $500 000.

To be an eligible applicant, you need to have a novel product and meet a turnover test - which means your combined annual turnover must be less than $20 million for each of the previous three financial years.

NSW Performing Arts COVID Support Package

For: performing arts sector

How to apply: NSW Performing Arts COVID Support Package

The NSW Performing Arts COVID Support Package was created in response to the NSW Government COVID-19 Public Health Orders impacting the performance arts sector from 26 June 2021 to 18 September 2021.

Financial aid was provided to performing arts venues, producers and promoters directly affected by cancellations, interruptions and postponements resulting from the COVID-19 regulations.

These packages aimed to keep key players in the industry economically viable and contributing to NSW economy while also providing certainty of assistance for further postpones and cancellations.

Online applications through Smartygrants opened on 23 July 2021, with the eligibility of funding applications adhering to strict and specific guidelines.

While applications are now closed, NSW’s relaunch program, an extension of the NSW Performing Arts COVID Support Package remains open to applicants needing funding until 30 April 2022.

Aimed at relaunching the performance arts industry, NSW Performing Arts Relaunch Package is in line with NSW’s roadmap to recovery plan, offering funding, confidence and certainty as they return to the stage.

Aimed at relaunching the performance arts industry, NSW Performing Arts Relaunch Package is in line with NSW’s roadmap to recovery plan, offering funding, confidence and certainty as they return to the stage.

Small Business Fees And Charges Rebate

For: small businesses

How To Apply: Small Business Fees And Charges Rebate

The aim of this rebate (increased from $2000 to $3000) for small businesses affected by COVID is to help them recover and accelerate their growth by reducing their operational costs.

Funds are allowed to be used to offset a list of eligible NSW and local government fees and charges due and paid from 1 March 2021 until 30 June 2022. These include anything from food authority licences to road user tolls but can't be used to settle penalties or fines. From late March businesses can use the rebate against 50% of the cost of COVID antigen tests.

Applicants need only apply online for the rebate once but can submit claims multiple times until they've reached their $3000 limit.

Innovation Connections

For: Businesses within or supporting growth sectors

How To Apply: Innovation Connections

Innovation Connections is a service provided by AusIndustry Entrepreneurs' Programme that helps businesses take their vision forward by funding their research and offering professional advice.

The initiative includes two stages, facilitation and grant. You'll work with a facilitator to create an Innovations Connections Roadmap under the first stage. This roadmap will identify business opportunities, critical research, crucial strategies and other essential factors necessary to get your research project underway.

Stage two puts your research into action from three Innovation grants. Successful applicants will be compensated 50% of the researcher placement costs up to the maximum agreed-upon amount that ranges between $30 000 and $50 000.

Minimum Viable Product Grants

For: Pre-revenue technology startups

How To Apply: Minimum Viable Product Grants

Minimum Viable Product Grants (MVP) are available to promising pre-revenue tech startups that aren't yet generating income but are getting ready to enter the market.

MVPs are designed to assist startups with engaging with potential customers, channelling to market, and achieving market validation and first sales.

Successful grant applicants receive matched funding of up 50% on approved project costs to a maximum of $25,000. 30% of the financing is provided upfront and 65% on the completion and validation of the MVP.

Agrifutures Australia RD&E Investment

For: rural sectors

How To Apply: Agrifutures Australia RD&E Investment

The Agrifutures Australia RD&E Investment targets organisations conducting research that benefits new and established rural sectors.

This research must contribute toward the sustainability and profitability of rural industries that don’t have their own Research and Development Corporation (RDC).

Funding varies depending on the priority level of the research. Annually, Agrifuctures Australia identifies what research within which industries take precedence for that year.

SMART Projects and Supply Chains

For: incorporated companies

How To Apply: SMART Projects and Supply Chains

Smart Projects and Supply Chains forms part of the Entrepreneurs programme that supports the growth of Australian SMEs.

This initiative helps businesses perform better by giving them access to strategic or high-value projects.

You'll be connected with a facilitator for these projects who'll provide support, guide you on market opportunities and requirements, identify skill gaps and abilities challenging your business, and, more importantly, assist you with implementing a roadmap to success.

Part two of the Smart Projects and Supply Chains is the provision of Growth Grants, which provides financial assistance of up to $20,000 to action your roadmap.

Smart Projects and Supply Chains forms part of the Entrepreneurs programme that supports the growth of Australian SMEs.

High Growth Accelerator

For: Business operating in a specified growth sector

How To Apply: High Growth Accelerator

This is another service under the Entrepreneurship access that provides you with access to business experts.

An independent facilitator oversees this customised programme for over two years.

The programmes assist with growing your business and making it competitive with the right combination of skills, knowledge, expertise, resources and mentorship.

The programmes assist with growing your business and making it competitive with the right combination of skills, knowledge, expertise, resources and mentorship.

CSIRO Kick-Start

For: Start-ups and small to medium enterprises

How To Apply: CSIRO Kick-Start

CSIRO Kickstart provides dollar-matched funding between $10,000 and $50,000 to startups and small to medium businesses for research projects.

This funding must be directly connected to research costs, such as salaries, accommodation and travel, admin expenses and related fees and charges.

CIRO expertise is also provided that enables businesses to research product or service ideas, develop novel products, processes or services and test them.

Provided the total cost of this project doesn't exceed $50, 000, eligible businesses can apply for a second kick-start project after the first.

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