Grants, funding and assistance
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.
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.
Regional Revival Fund Grant Program
- The program offers grants to assist with capital costs for new, or upgrading, economic, environmental and social infrastructure projects, that would otherwise be delayed or not proceed.
- Applications for the scheme will close on 24 June 2016
Drought Concessional Loan Scheme
- 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 for the scheme will close on 30 June 2016.
POMS Recovery Concessional Loan Scheme
- The scheme offers low interest loans to oyster growers, nurseries and hatcheries that have been affected by Pacific Oyster Mortality Syndrome (POMS).
- Applications for the scheme will close on 1 December 2016.
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.
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.
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 Connections Fund (GCF)
- The GCF will enable Australian SMEs to link with international researchers and Australian researchers to link with international SMEs to seize opportunities and explore collaboration projects in areas of importance to the strategic growth sectors of Australia.
- Most local councils have year round grant and assistance programs. Check out your council's website to find out what's on offer.
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.
Business incentives for new employees
- Restart can help employers to expand their business and employ workers who are aged 50 or older.
Business training incentives
The Industry Skills Fund – Growth Stream
- Assists industry to invest in training and support services and to develop innovative training solutions.
The Industry Skills Fund - Youth Stream
- The Training for Employment Scholarships support training that meets the needs of your business and helps you to employ a young person who is suitable for the job but requires further training. Applications must be received by 30 June 2016.
New Enterprise Incentive Scheme (NEIS)
- Job seekers who are interested in running a new small business may be eligible to participate in the NEIS.
New Enterprise Incentive Scheme
Business incentives for export
Tasmanian Freight Equalisation Scheme
- The Tasmanian Freight Equalisation Scheme (TFES) assists shippers to transport goods by sea, between Tasmania and the Australian mainland, to help reduce freight costs associated with sea transport.
New Market Expansion Program
- The program is designed to assist Tasmanian enterprises in planning and implementing their international and national marketing activities.
Export Market Development Grants (EMDG)
- Assistance is provided for aspiring and current exporters and supports a wide range of industry sectors and products. Applications for the 2015 - 16 grant year open on 1 July 2016.
Efic Small Business Export Loan
- Efic (Export Finance and Insurance Corporation) may be able to offer a loan to existing exporters. Loans must be used to finance a single specific export contract or purchase order for the export of goods and or other services from Australia.
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.
- Enquiries about the Program can be submitted by email to THSU@stategrowth.tas.gov.au
- The program aims to deliver support to events around the state through a variety of channels.
- Funding and support through loans, grants and equity investments in the development, production and marketing of Tasmanian screen projects.
- 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.