Deciding to start a small business in 2019 is probably one of those things that everyone wants to do. With that, being Australian you must be aware of all of the government funding options that are there to help you start up. However finding government funding programs for your business might not be something that you’re ready to do on your own, or even know how to do.
So here is the 2019 guide to finding government funding for your small business in Australia.
2019 Guide To Finding Government Funding
Finding government funding in Australia is no easy task. At least it’s not an easy task on your own.
While government funding exists and offered from many different government funding agencies all across Australia for different industries, it’s not that easy to come by in terms of finding the information related to it.
No the government ins’t hiding the information from you but they simply don’t promote it too well.
Making it extremely difficult for the every day small business owner in Australia to find it.
Before we get into explaining to you how to find government funding for your small business, let’s break it down a bit further for you:
What is government funding?
Government funding is money that is offered by the local, state and federal government to small business owners and startup entrepreneurs.
The money that is offered is there to help you startup and to expand your business as it helps the Australian economy grow.
Well simple really; the government gives you money to help you start your business; you make money, pay taxes, hire staff, they pay taxes and ultimately build a cycle.
Who is government funding for?
Government funding is provided by the various levels of the Australian government to those startups and existing business owners.
While a ton of programs exist and new funding programs are announced nearly every day, it doesn’t mean that every single Australian is eligible to get a piece of the pie.
Each government funding program has a different set of rules, criteria and eligibility requirements. So before you jump to joy thinking you’re going to get a million dollars – wait.
While government funding agencies have to be fair in order to benefit those who need it the most (and who can succeed the most); you do have to follow the rules when applying to ensure you’re not being denied because of a simple mistake.
The basics of applying and the factors:
- Have a completed and up to date business plan
- Apply on time with the proper applications completed
- Ensure you meet the criteria and qualifications by the program
- Know how much you need (and make sure the program offers this)
- Be sure that the program offers funding for the needs you have.
- You must be Australian.
So is government funding for you? Perhaps.
What kind of government funding exists?
There are different types of government funding programs.
Not only what the type of monies you may be eligible for; but what you can get funding for.
So; the type of money you can get:
- Government grants
- Low interest and no interest loans
- Tax credits/tax breaks
What you can get funding for:
- Hiring and training staff
- To pay for marketing and advertising
- Help buying tools, supplies and equipment
- Monies to help you renovate and purchase space
- R&D funding
- Cash Flow improvements
- and more
Can I apply for government funding?
Sure you can.
Before you start your application process be sure to have the above mentioned factors checked off.
- Are you a Australian citizen?
- Do you have a completed business plan? Is it up to date? Does it talk about your funding needs?
- Know which program to apply to?
- Do you meet the requirements and criteria of the program?
- Are you applying on time?
If you have the basics covered, get to applying. Finding govenrment funding programs is the tough part, and we here at AustraliaStartups.org are here to help. Which takes us to the next section, finding government funding!
Where to find government funding programs?
Government funding programs are provided by the Australian government – also provincial government and local governments.
Where do you find the funding?
Well, most people simply start on the government site or on Google.
After a few weeks of searching you may find a few of the programs that may be right for you.
Sure there are the popular programs that everyone applies to; but most of the time these are just loan programs that even your bank could tell you about.
But did you know that there are nearly 1,000 government funding programs in Australia?
So here is the deal – if you tried finding government funding programs for your small business and just don’t know where to look anymore; stop.
The Funding Database that is offered by AustraliaStartups has all of the funding programs offered by the Australian government. All in one place, made for you search, one by one, by state, by industry and by funding needs.
So if you want to save time – get the help from professional experts and starting finding government funding programs right now – this is it.