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Grants, funding and assistance

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Last updated on August 29, 2016

Grants and other funding programs may be available from the Australian, State and Territory governments and, in some cases, from local councils.


Generally there are few grants available for starting a business, and those available are competitive or only available for specific circumstances.

There is, however, a range of assistance – including grants – available for business activities such as expanding your business, innovation, exporting, and research and development.

Below is a listing of grants and funding sources put together by Business Tasmania. We make every effort to provide accurate and up-to-date information. We have also provided links to sites that give a comprehensive list of government grants.

Please Note
The Department of State Growth has received a number of reports of private operators approaching businesses selling information about government business grants. This information is publically and freely available on this page and the Federal Governments website www.business.gov.au

No Australian government, federal, state or local, charges an online fee for any information on grants and funding.

Flood Recovery Assistance

The State and Federal Governments are providing assistance for businesses and communities affected by the June and July floods. Details are available on the TasAlert website.

General

Enterprise Centres Tasmania Program 2017-2020

  • Enterprise Centres Tasmania program is the delivery of a state-wide network of highly skilled and experienced business advisors to work with small business to support them in growing their businesses.

No Interest Micro Business Loans

  • Provides small, interest-free loans of up to $3,000 to people on low incomes.

Visiting Patent and Attorney Trade Mark Program, Tasmania

  • Provides preliminary consultations and advice to prospective clients, in-confidence, without obligation and free-of-charge.

Global Innovation Linkages Programme

  • The programme provides funding to help Australian businesses and researchers to collaborate with global partners. 

R&D Tax Incentive

  • The R&D Tax Incentive is a targeted, generous and easy to access entitlement program that helps businesses offset some of the costs of doing R&D.

Accelerating Commercialism

  • Accelerating Commercialisation helps small and medium businesses, entrepreneurs and researchers to commercialise novel products, services and processes.

Entrepreneurs' Infrastructure Programme

  • This programme uses quality facilitators and advisers, drawn from industry, to ensure businesses get the advice and support they need to improve their competitiveness and productivity.

Women in STEM and Entrepreneurship (WISE) programme

  • The WISE programme provides funding for activities and projects that help girls and women to explore their interest in Science, Technology, Engineering and Maths (STEM). Closes 6 Oct 2016.

Business Research and Innovation Initiative (BRII) 

  • BRII offers grants to help SMEs develop innovative solutions to public sector policy and service delivery challenges. You will retain your IP. Closes 30 Nov 2016.

Council Grants

  • Most local councils have year round grant and assistance programs. Check out your council's website to find out what's on offer.

Agribusiness

AgriGrowth Loan Scheme

  • The scheme offers low interest loans to Tasmanian farm businesses and agri-food businesses. It will support projects that advance the government's Agrivision 2050 plan.

Dairy Recovery Concessional Loans

  • The loans will assist eligible dairy farmers through the short-term crisis caused by the May 2016 decision of Murray Goulburn and Fonterra to reduce farm gate milk prices.
  • Applications close on 31 October 2016. The loans are non-competitive and will be assessed on a first come, first served basis.

Drought Concessional Loans 

  • The scheme offers low interest loans to drought-affected farm businesses. The loans are available to assist farm businesses manage through and recover from drought and return to viability in the longer term.
  • Applications close on 31 October 2016.

Drought Recovery Concessional Loans 

  • Loans are available to eligible farm businesses in Tasmania for restocking, planting and/or re-financing an existing drought concessional loan. 
  • Applications close on 31 October 2016. The loans are non-competitive and will be assessed on a first come, first served basis.

POMS Recovery Concessional Loans 

  • The scheme offers low interest loans to oyster growers, nurseries and hatcheries that have been affected by Pacific Oyster Mortality Syndrome (POMS). 
  • Applications close on 1 December 2016.

Incentives for new employees

Wage subsidies

  • Wage subsidies are available to employers who hire eligible job seekers including mature age, long-term unemployed, Indigenous, youth or parents.

Training incentives

The Industry Skills Fund – Growth Stream

  • Assists industry to invest in training and support services and to develop innovative training solutions.

New Enterprise Incentive Scheme (NEIS)

  • Job seekers who are interested in running a  new small business may be eligible to participate in the NEIS, which provides accredited small business training.

Export

Tasmanian Freight Equalisation Scheme

New Market Expansion Program

  • Assistance is available to eligible Tasmanian-based small and medium-sized enterprises with a sales turnover of between $300 000 and $20 000 000, for approved marketing activities related to developing new international and national markets. Open until 30 April 2017.

Advanced Manufacturing Marketing Expansion Program

  • Assistance is available to eligible Tasmanian small and medium sized advanced manufacturing enterprises with a sales turnover in excess of $300 000 up to $20 million, for approved marketing related activities in advanced manufacturing interstate and international markets.  

Export Market Development Grants (EMDG)

  • EMDG reimburses up to 50% of eligible export promotion expenses above $5,000 provided that the total expenses are at least $15,000

Efic Small Business Export Loan

  • Efic (Export Finance and Insurance Corporation) may help small business exporters access the finance their business needs to support an export contract when their bank is unable to do so.

Tradex Scheme

  • If your business is importing goods that you intend to directly export or incorporate in other exported goods, you may be eligible for exemptions on customs duty and GST.

Tourism

West Coast Experience Loan Fund

  • To support tourism businesses on the stunning West Coast of Tasmania, the RACT, in partnership with the Tasmanian Government, has established a loan fund to provide start-up, interest-free loans to eligible businesses.

Tourism Funding Program

  • The 2016/17 Tourism Funding Program is now closed.  The 2017/18 Program will open in March/April 2017.
  • The program is designed to support the delivery of infrastructure projects that contribute to the Tourism 2020 outcomes by driving demand, improving quality and increasing tourism expenditure.

Events Tasmania

Grant Program

  • The program aims to deliver support to events around the state through a variety of channels.

Arts

Screen Tasmania

  • Funding and support through loans, grants and equity investments in the development, production and marketing of Tasmanian screen projects.

Arts Tasmania

  • Offers a wide range of funding programs to individuals and organisations at different times throughout the year

Australia Council for the Arts

  • The Australia Council for the Arts is the Australian Government's arts funding and advisory body. Each year, they deliver over $200 million in funding for arts organisations and individual artists across the country.

Sports and recreation

Sports and recreationTasmania

  • Clubs, not-for-profit organisations and local government entities can apply for funding to increase opportunities for participation in sport and active recreation in Tasmania.
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