Deadline: 30 May 2025
Aboriginal Investment NT’s Business Grants provide grant funding to help Aboriginal Territorians to start or grow their business.
Objective
- The objective of their Business Grants is to increase the size, scale, diversity and maturity of NT Aboriginal businesses, as well as the number of Aboriginal Territorians employed by NT Aboriginal businesses.
Funding Information
- Business Growth Grant: You can apply for up to $150,000 (GST exclusive). You can access a Business Growth Grant a maximum of once every three years for a discrete growth project.
What can be funded?
- Property, plant and equipment.
- Fit-out costs.
- Staff wages (capped at one position to a maximum of 38 hours per week, for 26 weeks at the National Minimum Wage).
- Direct business and administration costs (e.g. insurances).
- Essential professional services and consultancy costs (e.g. taxation, legal, financial) to a maximum of 10% of the grant funding sought.
- Trading stock and consumables (capped at a 50% contribution, where you demonstrate that you can and will fund the other 50% of the cost of trading stock and consumables).
What can’t be funded?
- Non-essential professional services, project management and consultancy costs.
- Non-commercial community infrastructure and programs.
- Non-trading, speculative businesses, including the trading of stocks or other financial instruments (although financial service businesses such as stock broking or financial consultancy will be considered).
- Land banking and property development (e.g. purchasing greenfield sites for future developments).
- Loan repayments and statutory obligations (e.g. Australian Taxation Office (ATO) overdue payment).
Eligibility Criteria
- You must meet all of the following:
- Be a corporation, sole trader or partnership trading under a business name registered in the NT and holding a valid Australian Business Number (ABN).
- Have at least 51% Aboriginal and Torres Strait Islander ownership and/or control and active involvement in the business.
- Have operations based in the NT.
- For Business Growth Grants:
- Be trading for at least 12 months.
- Have assessed yourself as having completed the Start-Up Phase and are now in the Growth Phase of your Business Development Journey.
- Not have received grants for your business with a total value of $250,000 (GST exclusive) or more from Aboriginal Investment NT or the Aboriginal Benefits Account, in the previous three years.
For more information, visit Aboriginal Investment NT.
