With over 3 million small and medium enterprises (SMEs), SMEs act as a backbone to Australia’s economy. A small business is an active trading business with 0 to 19 employees while a medium-sized business is an active trading business with 20 to 199 employees. And if your business falls in the Small-Medium category there are various government and private grants, programmes, funding opportunities, tax incentives and assistance available to help you boost your business. These are provided by the Australian government, private entities and state & local governments.
Let us discuss in detail some of these grants and programmes which will help you to improve and grow your business. The list is in no particular order of significance:
“Earlier Morrison Government have Announced $130 billion Job keeper Payment Relief amidst COVID-19”
Let us now focus on some programmes which are focused on new and existing SME startups:
Private entities are not far behind in helping the small and medium enterprise. Here are some private schemes that might benefit you.
The list is by no means exhaustive, there are long lists of grants and programmes by the federal government and agencies. And on top of that, there are state & local government grants. In the month of March, the Victorian Government has also Announced $1.7 Billion Relief Package to Small Businesses