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Business Tasmania

Funding

COVID-19 financial support

The Australian and State Government's are providing businesses with a variety of financial support programs and assistance.  Find out more.

General financial support

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. The following table of grants and funding sources is put together by Business Tasmania.

We make every effort to provide accurate and up-to-date information. Sign up to our newsletter for updates on grant or loan funding opportunities. The Australian Government Business grants and assistance page also gives a comprehensive list of government grants.

There is, also, a range of practical assistance available for business activities such as expanding your business, innovation, exporting, and research and development.Business Tasmania offers free business advice to all Tasmanian small businesses through our statewide network of independent advisors, Enterprise Centres Tasmania.

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 publicly and freely available on this page and the Federal Government website.

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

 

General

26TEN Grants for employers

These grants support employers and peak bodies to run projects to improve literacy and numeracy of Tasmanian workers (paid and voluntary).

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Accelerating Commercialisation

Commercialise novel products, services and processes. Only companies are eligible to apply.

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Council Grants

Year round grant and assistance programs.

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CSIRO Kick-Start Program

Eligible businesses may get access to dollar-matched funding of $10,000-$50,000 to undertake research activities with CSIRO.

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Defence Global Competitiveness Grant

Defence-related businesses may be eligible for a grant to invest in projects that overcome barriers to accessing export opportunities. Only companies are eligible to apply.

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Entrepreneurs Programme

This programme uses quality facilitators and advisers, to ensure businesses get the advice and support they need to improve their competitiveness and productivity. Only companies are eligible to apply.

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Many Rivers Microfinance

Many Rivers works with Australians who want to start or grow a small or micro business.

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No Interest Micro-Business Loan Scheme

The scheme provides small, interest-free loans of up to $3 000 to people on low incomes who want to start their own business or grow an existing one.

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R&D Tax Incentive

Helps businesses offset some of the costs of doing R&D. Only companies are eligible to apply.

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Recycling Modernisation Fund (Plastics) Grants Program

The Tasmanian Government is now calling for applications from proponents wishing to undertake capital investment within Tasmania to develop plastic reprocessing (recycling) capacity.

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Sovereign Industrial Capability Priority Grants

Help Australian SMEs to invest in projects that build capabilities aligned with Defence's stated Sovereign Industrial Capability Priorities. Only companies are eligible to apply.

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Traceability Grants Program - Round 2

This program supports projects that will enhance the supply chain traceability systems and the export of our agricultural commodities.

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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.

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Visiting Trade Mark and Patent Attorneys

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

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Export

Accelerating Trade Grant Program

Funding for a range of market development activities in domestic and international markets.

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Export Finance Australia Small Business Export Loan

Export Finance Australia may help small business exporters access the finance their business needs to support an export contract when their bank is unable to do so..

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Export Market Development Grants

The scheme reimburses up to 50 per cent of eligible export promotion expenses above $5,000.

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Tasmanian Freight Equalisation Scheme (TFES)

Assists shippers to transport goods by sea, between Tasmania and the Australian mainland.

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Wine Export Grants - Round 2

Wine producers may be eligible for up to $25,000 towards reimbursement for the cost of promotional activities in any export market.

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Employment incentives

Boosting Apprenticeship Commencements

The Australian Government is providing financial support to all employers who engage a new Australian Apprentice.

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JobMaker Hire Credit

The JobMaker Hiring Credit gives businesses incentives to take on additional young job seekers.

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Payroll tax rebate scheme for apprentices, trainees and youth employees

For large companies employing an eligible apprentice, trainee or youth.

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Regional Employment Trials

Australian Government initiative to identify and co-fund new projects to help people experiencing barriers to employment.

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Supporting apprentices and trainees

If you employ an apprentice or trainee you may be eligible for a wage subsidy of 50% of their wage paid from 1 January 2020 to March 2021.

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Apprentice and Trainee Grant for Small Business program

The Program provides employers who are not entitled to claim the Payroll Tax Rebate Scheme, a subsidy of up to $5,000 for each apprentice or trainee they employ as a new worker from 1 January 2021.

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Wage subsidies

Available to employers who hire eligible job seekers including mature age, long-term unemployed, Indigenous, youth or parents.

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Youth Jobs PaTH

Program designed to prepare young people for work.

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Training incentives

New Enterprise Incentive Scheme

Provides accredited small business training.

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Agribusiness

AgriGrowth Loan Scheme

The scheme offers low interest loans to Tasmanian farm businesses and agri-food businesses.

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AgriStarter Loan

Loans of up to $2 million to assist first time farmers; and to support farm succession arrangements.

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DairyTas Small Project Grants Program

DairyTas invites applications that encourage dairy industry groups to plan, carry out and promote their own on-farm demonstration or extension project to improve the performance and profitability of dairy farms in their locality.

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Drought loans

The loan will assist farm business owners in eligible areas to prepare for, manage through and recover from drought.

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Farm investment loans

You can apply for this loan to strengthen your farm business, take steps to access markets interstate or outside Australia and prepare for, manage through or recover from drought.

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Quad Bike Safety Rebate Scheme

This scheme offers a cash-back rebate of up to 50% of the purchase price for an approved operator/rollover/crush protection device.

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Tamar Action Grants

The program provides funding to support a range of activities that help improve water quality by reducing pathogen concentrations in the kanamaluka/Tamar estuary.

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Manufacturing

Manufacturing Modernisation Fund - Round 2

Round 2 of the Manufacturing Modernisation Fund supports transformation in small and medium manufacturing businesses. It provides co-funded grants to transform manufacturing and to support job growth and a more highly skilled workforce.

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Tourism

Business Growth Loan Scheme

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Tourism Marketing Support Program

This free marketing support program is exclusive to 50 tourism operators in Tasmania's West, North West and King Island.

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Events Tasmania

Events Tasmania Funding

Events Tasmania aims to encourage event organisers to stage their next event in Tasmania by providing funding and development assistance.

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Touring grants

Touring grants of up to $15 000 are available to eligible organisers of auto, motorbike, cycle or walking tours in Tasmania during the winter and shoulder season.

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Arts

Arts Tasmania

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

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Australia Council for the Arts

The Australian Government's arts funding and advisory body. Each year, they deliver funding for arts organisations and individual artists across the country.

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Screen Tasmania

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

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Energy Efficiency and Renewable Energy

Advancing Renewables Program

Supports a broad range of projects that have the potential to lower the cost and increase the use of renewable energy technologies in Australia.

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Business Energy Advice Program

Provides tailored advice and tips to help cut energy costs for small businesses. Speak to a business expert to find out ways you can save.

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Clean Energy Finance Corporation (CEFC)

CEFC co-finances or co-invests with renewable energy companies in low emissions and energy efficient technologies.

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