Funding available for Northern Territory Businesses in Australia

Objectives

• The Business Growth Program (the Program) is a Northern Territory Government business support initiative to help Northern Territory small and medium businesses develop, grow and expand.

Funding Information

• Funding of $2000 to $10,000 is available to reimburse 50% of the costs of eligible services provided by an approved service provider. Businesses can receive funding across a single or multiple applications within each financial year to a total of $10,000.

What you can apply for?

• You can apply for a grant to reimburse the following services provided by an approved service provider:
  • strategic business planning
  • workforce development and planning
  • people management
  • cultural awareness
  • marketing and communication planning
  • digital marketing
  • market research
  • organisational governance
  • work health and safety
  • business improvement and innovation
  • supply chain management and planning
  • records and document management
  • environment, social and governance
  • procurement
  • financial planning
  • financial performance
  • information and communication technology management.

Excluded Expenditure

• Ineligible expenditure includes any costs related to:
  • Operational, business-as-usual or recurring costs, including any expenses related to buildings, land, utilities, workforce, wages, education, training courses and workshops (excluding workshops related to implementation of a funded service under this program)
  • Purchase or replacement of assets, stock, property, plant, software, hardware and equipment
  • Memberships, accreditation, certification, subscriptions, registration or joining fees
  • Legal, regulatory compliance, real estate and rental fees
  • Management, recruitment, insurance, franchise, bookkeeping or accounting fees
  • Legal, taxation or investment advice
  • Maintenance of existing digital technologies, ongoing software or IT management and hosting fees and charges
  • Advertising fees, materials, photography, video and signage
  • Contract design, development, negotiation and disputes
  • Performing grant or tender writing
  • Website development that is not part of a re-branding or re-positioning strategy
  • Business travel, transport and accommodation costs in relation to the delivery of these services
  • Services from related parties or already being provided through another program or that commenced before funding is approved.

Eligibility Criteria

• You must meet all the following criteria to apply:
  • Be a Territory Enterprise,
  • Hold a valid Australian Business Number (ABN),
  • Have a turnover of more than $75,000 but less than $10 million,
  • Have at least one full-time equivalent and no more than 50 full-time equivalent employees, including owners and directors.

Ineligibility Criteria

• If one or more of the following applies to a grant recipient or enterprise, they are ineligible:
  • Private or public educational institutions, government agencies and government owned bodies, statutory corporations, and local government bodies,
  • Has outstanding grant acquittals or unmet obligations from previous Department of Trade,
  • Business and Asian Relations or Northern Territory Government funding,
  • Grant recipient or owners/directors that are insolvent or have an undischarged bankruptcy,
  • Have received $10,000 in the current financial year through the Business Growth Program,
  • Have a conflict of interest with the service provider.

For more information, visit Australian Government.