NSW State Grants for Small Businesses – Sydney, Newcastle and Wollongong
Do you want to start or grow your small business but are unsure of where to begin and how to get funds? The NSW Government has pledged $6 million of funding grants in October 2021 for the creation of a Business Events Sector Support program.
The initiative is meant to encourage entrepreneurs of small to medium-sized business events to hire a venue and hold their subsequent events there in 2022–2023.
A SafeWork small company grant of up to $1,000 for the expense of equipment that keeps your workplace safer may also be available to NSW small business owners and sole proprietors that employ less than 50 full-time employees. Nonprofit and charitable organisations are also eligible to apply.
NSW – Small Business Grants
The Federal and State governments offer several support programs to help small business entrepreneurs. The government may offer these support programs as grants, subsidies, rebates, incentives, and financial help. The Digital Initiative program is one of the initiatives that aid companies in modernizing or enhancing their digital infrastructure.
With a program for digital transformation worth $20,000, this initiative aims to assist small enterprises. Successful applicants will be partnered with an experienced innovator who has successfully leveraged technology to enhance business growth.
NSW Start-up Business Grants
It is critical to be aware of your financial choices when managing a start-up. You may qualify for several assistance programs. These consist of:
- Minimum Viable Product Grants: This grant helps potential entrepreneurs, particularly those still in the development and research stage, that have not yet generated any revenue.
- Grants for Building Partnerships: This NSW business grant enables businesses that are already making money to expand by securing a significant client or distribution network.
- Grants for regional business startups: If your business is based in a rural location, you may qualify for NSW business grants that promote employment or innovation within the designated region.
- Western Sydney Investment Attraction Fund: If your business is located in Western Sydney, you may be eligible for this grant program, which was created specifically to strengthen the region’s economy.
NSW Small Business Grants
Grants for small enterprises with 20 or fewer employees are also plentiful. These grants frequently provide assistance for upskilling, as well as training subsidies and tax advantages for spending on research and development.
Many of these small business programs currently available are designed to support those affected in 2020. These include COVID-19 business grants and bushfire development grants for businesses that have lost revenue due to a fire.
NSW Grants for Women in Business
The NSW State government has been dedicated to improving the economic prospects for women, and this commitment includes financial assistance as well as subsidised resource and mentorship. As a result, it provides educational subsidies for women who run small businesses.
NSW Business Grants for COVID-19
Following the aftermath of COVID-19, the government has introduced several assistance programs like subsidies, tax refunds and concessions intended to lessen the effects of the pandemic. If your business has suffered as a result of COVID-19, take the time to look into these assistance programs that maybe advantageous to you:
- Grants for PPE production: The NSW government is seeking to assist companies that are capable of providing a steady domestic supply of PPE items. Study the program guidelines carefully to understand your obligations towards the program.
- Cash Flow Boosts: If your business employs people and has combined annual revenue of less than $50 million, you may qualify for a grant to boost cash flow.
Small Business Grants Sydney
During 2020, the City of Sydney released a $72.5 million support package for small businesses, artists and others in the creative and community sectors.
The businesses can use up to $10,000 in funding to expand their digital offerings and adapt to new business models.
Sydney Small Business Grant Funds – Benefits
- Change in operating model and going digital
- Developing an internet presence and setting up e-commerce facilities
- Education and Career development
- Capital projects
Sydney Small Business Grant Eligibility
One to 19 full-time employees are employed by for-profit organisations, including for-profit arts businesses, in the local government region. Their annual revenue is required to be less than $10 million.
Applications from larger enterprises in the tourism and hospitality industries will occasionally be taken into account on a case by case basis. The quick response award, the grant for cultural sector resilience, and the fund for creative fellowships may also be available to sole proprietors.
Small Business Grants Newcastle
Due to the effects of COVID-19 limitations and bushfires, the last few years have been difficult for several enterprises. Fortunately, the Australian government has responded to these issues by offering a variety of small business grants in Newcastle, some of which are specialised in particular industries and others that cover a broad range of firms.
Maintaining upto date knowledge on the grants you are eligible for and when they are available might be difficult. Which is why it is critical that you stay upto date with the latest grant programs that are released for applications. There are several incentives like voucher programs that Newcastle residents can use at your establishment. These incentives and packages can have a very positive effect on the local economy.
Small Business Grants Wollongong
There are numerous grants, incentives and assistance programs that are available to businesses in Wollongong or considering relocating their operation to Wollongong. Here are a few programs that may be suited to your business:
Grants and Programs From State Government
- The Boosting Business Innovation Program (BBIP), which aims to support economic growth and can provide Wollongong-based enterprises with access to research institutions like the University of Wollongong.
- TechVouchers coordinates research projects involving BBIP delivery partners and SMEs in NSW. This program includes the Advantage SME program at the University of Wollongong in our city.
- Grants for Minimal Viable Products are intended to help burgeoning businesses get the money they need to move from the proof-of-concept stage to a minimally viable product.
- Business Connect in Wollongong offers specialised and committed assistance to assist you in starting or expanding your small business.
- Easy to do Business is a free service offered by the NSW government that helps existing businesses grow or new enterprises get started.
To learn more about the assistance programs and their eligibility criteria, you may call us on the number provided below and speak to one of our advisors.
