Deadline Date: January 30, 2026
The Business Growth Fund (BGF) is a grant program that provides direct financial support to high-growth small and family businesses to accelerate growth, drive Queensland’s economy and employ more Queenslanders.
The focus areas of the opportunity are to purchase specialised equipment to grow, increase productivity and efficiency, increase market share or develop and expand export opportunities, increase confidence for growth transitioning from small to medium-sized, increase productivity, turnover, profit and/or employment by 20%, and improve confidence to automate, scale up, increase market share, diversify and/or exploit exporting opportunities.
The program offers funding between $50,000 and $75,000 excluding GST, which is delivered in three milestone payments. Successful applicants are required to contribute at least 50 percent of the total project costs, ensuring a shared investment approach between the government and the business.
To qualify for the grant, businesses must be established and financially sound small Queensland businesses with the potential for high growth within the next two years. They must have less than 20 employees, be operating with an active ABN, be registered for GST and have a registered Queensland headquarters location. Applicants must also show a turnover between $500,000 and $10 million in the last financial year, hold a minimum trading history of three years, and have experienced two years of high growth with clearly defined growth and employment opportunities in Queensland.
Businesses must not be insolvent or have owners or directors currently bankrupt or undischarged from bankruptcy, and must not have been approved for funding under earlier BGF rounds.
For more information, visit Queensland Government.
