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Written by: / 12 September 2020

If you are on the growth track, let Godbee Favero and the Accelerate Small Business Grants give you a helping hand.

The Accelerate Small Business Grant Program by the Queensland Government is designed to improve and grow the local Queensland economy. Queensland businesses that have the potential for high growth within the next two years are able to participant in the program.

If this sounds like you, keep reading…

About the Program

The Accelerate Small Business Grant Program is providing matched funding of up to $10,000 for eligible businesses. The funding can be used to engage mentors, coaches, specialist consultants or an advisory board for a period of 6 to 12 months.

To be eligible for the grant, the consultant must work with you, one on one and provide a tailored solution, specific to your business to maximise growth.

Are you eligible?

Businesses must be financially sound and have the potential for high growth in the next two years. A minimum increase of 20%, in either revenue or employee numbers, is how high growth is defined.

Additionally, the business must:

  • Have a trading history of a minimum of three years at the time of applying for the grant
  • Have a minimum turnover of $500,000 in the previous 12 months
  • Have fewer than 20 employees at the time of applying for the grant
  • Have an ABN and be registered for GST
  • Have Queensland head office or significant Queensland operations
  • Have competitive opportunities in domestic or international markets
  • Be experiencing growth and have clearly defined high-growth and employment opportunities
  • Declare if any owners or directors of the business are an undischarged bankrupt or insolvent

Why Godbee Favero?

To be a successful applicant, you must submit a business plan that demonstrates both how you intend to grow and how assistance from Godbee Favero will facilitate this growth. Specifically, the project plan should outline how working with Godbee Favero will assist you to manage and finance your growth in areas such as increasing employees, introducing and improving productivity and efficiency in systems and processes and increasing sales/revenue.

As strategic accountants, we collaborate with you to help you achieve your long-term objectives. We have the knowledge and experience to help you create a grant-winning application. Plus assist with the execution of your business growth plan over a 6 to 12-month period.

Drawing on all partners and our strong accounting team, we will work with you to create your business plan that is required as part of the application process.

A detailed proposal from Godbee Favero is required as part of your application process and will be provided for you.

Next Steps

If you are ready to take your business to the next level and meet all the eligible criteria book your complimentary 2-hour fact-finding session with the team at Godbee Favero.

During this session, we can uncover your growth potential and strategise your business plan.

Contact us today to book your complimentary 2-hour fact-finding session.

View more information on the Accelerate Small Business Grants or download the application guidelines