Blog

Our latest news and updates.

Blog

Do not miss out! Small Business COVID-19 Adaption Grant of up to $10,000 for QLD businesses – Round 2

By Xperion  |  Business essentials,  COVID-19  | 
The Queensland Government is extending the Small Business COVID-19 Adaption Grant Program. As part of Stage 2 of Queensland’s Economic Recovery Strategy – Unite and Recover for Queensland Jobs, up to $100 million is being made available to deliver a second round of grants, with half of this funding specifically earmarked for regional small businesses located outside of South East Queensland.

 

 

Round 2 will open on 1 July 2020.

Many of us have been caught out with the round 1 closing too early due to oversubscribing within couple of days. Do not despair but be prepared and get all your paperwork organised!

If you need some quotes done, get them done now so they are ready to go.

Bring your accounts up to date to have supporting figures for your decline in turnover.

Are you eligible?

The criteria seem to be same as for round 1. To be eligible, your business must:

  • have been subject to closure or otherwise highly impacted by current shutdown restrictions announced by Queensland’s Chief Health Officer on 23 March 2020
  • demonstrate you have experienced a minimum 30% decline since 23 March 2020, over a minimum 1-month period due to the onset and management of COVID-19
  • employ staff (at least 1) and have fewer than 20 employees at the time of applying for the grant (employees must be on your payroll and does not include the business owner(s))
  • have a valid Australian Business Number (ABN) active as at 23 March 2020
  • be registered for GST
  • have a Queensland headquarters
  • have an annual turnover over $75,000 for the 2018–19 or 2019–20 financial year, or you can provide financial records that show this will be met for recently started small businesses
  • have a payroll of less than $1.3 million
  • not be insolvent or have owners or directors that are an undischarged bankrupt.
Eligibility tool
FAQ’s
Register your interest to be notified when 2nd round opens

Successful applicants from round 1 of this program cannot apply for funding under round 2.

If you have submitted a round 1 application but haven’t heard back yet, you are eligible to apply for round 2.

 

 

 

Make sure to connect with us on social media.

 

 

 

 

 

Categories