Growing Your Business and Government Support Programmes

There are a significant number of business grants potentially available to Australian businesses which can be accessed from Australia’s federal and state governments. Researching which government grants are available, relevant and successfully applying can be a confusing and time-consuming exercise.

EPRAKT Consulting can provide our clients with professional advice and support to increase the likelihood of finding and securing the right government grant. EPRAKT have successfully assisted many of our clients identify and secure a full range of business growth grants ranging from $20,000 to over $4M.

Our EPRAKT advisors identify the best grant opportunities for your business and then can develop your grant application, in close consultation with you and your team. We also offer entire project management from grant application to program delivery, allowing you to focus on your core business.

 

Entrepreneurs’ Programme Grant

The Entrepreneurs’ Programme Growth Services grants are popular Federal Government grants that business which can provides matched funding to get help from an expert business consultant for up to $20,000.

The Entrepreneurs’ Programme have eligibility criteria including that applicant businesses must be solvent, trading for three years or more, have an ACN and an annual turnover or expenditure of between $1.5 million and $100 million (or $750,000 to $1.5 million if your business is in remote Australia). Foundations, Trusts and NFP are excluded.

Your business should also preferably operate in one of the following growth sectors although there is some flexibility:

  • Advanced Manufacturing
  • Food and Agribusiness
  • Medical Technologies and Pharmaceuticals
  • Mining Equipment, Technology and Services
  • Oil, Gas and Energy Resources

Getting an R&D Tax Incentive

The R&D Tax Incentive Programme is the Australian Government’s principal measure to enhance and increase the amount of research and development undertaken by Australian businesses.

The R&D Tax Incentive provides eligible entities with a tax offset for expenditure on eligible R&D activities and for the decline in value of depreciating assets used for eligible R&D activities.

The objectives of the program are to provide a tax offset to make eligible companies more competitive and improve productivity across the Australian economy.

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Get in Touch!

We can provide  professional advice and support through the government grant submission process to increase the likelihood of success and help you secure funding.