Coles Nurture Fund for Small to Medium Sized Businesses in Australia

Funding Information 

• The maximum single amount provided under the CNF is $500,000.

Eligibility Criteria

• To be eligible for funding from the CNF Applicants must:
  • have a turnover that is less than $25,000,000 per annum;
  • employ no more than 50 full time employees (excluding casual seasonal labour);
  • have a registered Australian Business Number;
  • have been trading for a minimum of two years;
  • provide financial statements for a minimum of the previous two financial years;
  • demonstrate the project is unique and drives innovation, and provides outstanding sustainability benefits;
  • provide a funding declaration from an external accountant on the accountant’s company letterhead confirming ability to fund applicant’s share of project costs and solvency. To be eligible to apply for the Coles Nurture Fund all of the above criteria must be met. Applicants that have already secured co-investments for their project from other entities will be considered.
• To be eligible to apply for the Coles Nurture Fund all of the above criteria must be met.
• Applicants that have already secured co-investments for their project from other entities will be considered.
• However, funds cannot be allocated for general operational expenses including purchase of real estate, rent, utilities, marketing or remuneration for existing staff. Nor can funds be used as security to obtain, or comply with, any form of loan, credit, payment or other interest or for the preparation of, or in the course of, any litigation.

For more information, visit Coles.