Blog Layout
Small Business Adaption Grant Program Round 2
June 16, 2020
The 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.
Round 2 will open on 1 July 2020.
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
- continue to meet operating costs
- 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.
Regional and SEQ funding available
The program is available to eligible businesses throughout Queensland. For round 2, funding is being equally divided between regional Queensland and South East Queensland (SEQ).
South East Queensland businesses
When applying for round 2, you are a South East Queensland (SEQ) business if your principal place of business is located in 1 of the following local government areas:
- Brisbane City Council
- City of Gold Coast
- Ipswich City Council
- Lockyer Valley Regional Council
- Logan City Council
- Moreton Bay Regional Council
- Noosa Shire Council
- Redlands City Council
- Scenic Rim Regional Council
- Somerset Regional Council
- Sunshine Coast Council
- Toowoomba Regional Council.
Regional businesses
You are a 'regional business' if your principal place of business is any other local government areas within Queensland that is not identified as a SEQ location.
Use the eligibility tool
to find out if your business is in SEQ or a regional local government area.
Eligibility Criteria
To be eligible, your 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 you have experienced a minimum 30% decline 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 (employees must be on your payroll and does not include the business owner(s))
- 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 2018–19 or 2019–20 financial year, or you can provide financial records that show this will be met for recently started small businesses
- have a payroll of less than $1.3 million
- not be insolvent or have owners or directors that are an undischarged bankrupt.
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.
Use the eligibility tool
to find out if your business is eligible to apply.
Read the frequently asked questions for more information regarding eligibility.
What will be funded
The available grant amount is a minimum of $2,000 and 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
- continuing to meet business operational costs including utilities, council rates, rent, telecommunication charges, insurance fees, licensing or franchise fees
- strategic planning, financial counselling or business coaching aligned to business development and diversification
- building the business through marketing and communications activities (e.g. content development – web pages, mobile apps, visual and audio media etc.)
- digital/technological strategy development
- digital training or re-training and up-skilling employees to adapt to new business models
- capital costs associated with meeting COVID-19 safety requirements
- specialised digital equipment or business specific software to move business operations online (e.g. logistics program for online ordering).
Note: Grant funds can be used towards any of the above activities occurring from 23 March 2020 onwards, keeping in mind the project must be completed within a maximum of 6 months from the date of approval.
What won't be funded
Non-eligible activities
These activities will not be funded under this program:
- applications with a total cost less than $2,000 – all your proposed activities or quotes and invoices must be eligible and be a total of $2,000 or more
- business costs otherwise supported by other Queensland and Commonwealth Government financial assistance measures
- salaries or wage expenses for your employees, including superannuation or WorkCover
- services delivered in-kind (grant funding will only cover services paid for via a financial transaction)
- purchase of business assets such as stock or fleet vehicles/machinery
- fees for services and/or goods provided by related parties (such as companies with common shareholdings or directorship with the applicant, and employees or immediate family of the applicant)
- direct-selling businesses (where sales of another business' goods or services are made in the customer's home, work or other meeting place through methods such as party plan and network marketing)
- goods or services purchased, or any payments made, prior to 23 March 2020.
Applying small and micro businesses must meet the eligibility and assessment criteria to be considered for funding.
How to apply
Round 2 will open on 1 July 2020
Check & Get Notified
This funding round may only be open for a short period due to demand and will close when the funding allocation is anticipated to be exhausted.
Regional Queensland and South East Queensland will have independent funding allocations and may close at different times.
Get ready to apply by completing the following steps.
- Check your eligibility to:
- find out if you are eligible to apply for round 2
- confirm your business location
- subscribe to be alerted when round 2 opens.
- Read the application guidelines, frequently asked questions (FAQs) 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).
Assessment Process
In addition to meeting the eligibility criteria, applications will be assessed against the following:
- funding availability – applications will be processed on a 'first come, first served' basis, and therefore not all applications will be successful
- submission of a complete application form, with all requested supporting documentation included
- value for money, as determined by the Queensland Government.
Grant payments
Funding will be paid upon approval of your grant application. Applicants will have 6 months to complete their projects and must acquit the total amount of funding received.
Grant recipients may be subjected to a random audit by the Queensland Government (or its representatives) to ensure that the information provided is true and correct. Where it is found that false or misleading information has been provided, penalties may apply, including refunding some or all of the grant funding.
Further information
For more information about the program and application process, phone the QLD State Goverment on 1300 654 687 or email adapt@desbt.qld.gov.au.
View the 2019–20 Small business grants schedule
to help plan your applications for grant rounds.
Article Source: Business.qld.gov.au
What us to help?
If you'd like our assistance to complete the grant application, provide your details below and we'll be in touch:
Qld Grant Help
Happy Holidays to our valued clients. We wish you health, happiness, and new beginnings for the year ahead.
Is your business model still fit for purpose in 2024? We’ve picked out five of the key threats that should be on your small business radar.
Are you drowning in business admin? Automation is the answer. We’ll help you identify automation opportunities and choose the best apps to drive an efficient business.
57% of Aussie small businesses are worried about a lack of talent. We’ve shared five key ways to beat the talent shortage and find the workers and key players you need to succeed.
We live in uncertain economic times, with operating costs still on the rise. But by focusing on cost-reduction and revenue-generation, you can protect your business from the worst effects.
How well do you understand what drives your business revenue? We can help you review your numbers, identify your revenue drivers, and what could help grow your total revenue as a company.
Did you know your employees now have a legal ‘right to disconnect’ from after-hours work calls and emails? Here’s what that means for your team communications.
A business cash flow forecast will give you vital business intelligence to help you scenario-plan, search for cost-savings and look for strategies that will preserve your cashflow position.
Let's talk.
Did you know the ATO has a small business portal with heaps of handy advice on managing your business taxes? We’ve highlighted six of the most popular courses.
Take note of our annual office shutdown dates that impact the Small Business Superannuation Clearing House.
Haslam Consulting & Accounting Pty Ltd is a member of the Institute of Public Accountants in Australia.
Liability limited by a scheme approved under Professional Standards Legislation.
Haslam Consulting & Accounting acknowledges Traditional Owners of Country throughout Australia and recognises the continuing connection to lands, waters and communities.
We pay our respect to Aboriginal and Torres Strait Islander cultures; and to Elders past and present.