The Business Growth Fund Program (BGF) targets high-growth businesses who can accelerate growth, drive Queensland’s economy and employ more Queenslanders. The program is administered by the Department of Employment, Small Business and Training (DESBT).

Eligible Business Size?

Small and medium-sized businesses that employ 5-49 people (headcount).

Interested businesses will be invited to submit an expression of interest from 9am on Wednesday 1 May.

Businesses with high-growth plans should review the guidelines and eligibility criteria for the upcoming round of the Business Growth Fund program.

This program offers grants of $50,000 to $75,000 to support the purchase of specialised equipment as a co-contribution with eligible businesses.

Successfully funded businesses are expected to:

  • increase confidence for growth, transitioning from small to medium-sized
  • increase productivity, turnover, profit and/or employment by 20%
  • improve confidence to automate, scale up, increase market share, diversify and/or exploit exporting opportunities.

Expressions of Interest (EOI) are now open.

The application process involved 3 stages:

  • Stage 1 – Expression of interest (EOI)
  • Stage 2 – Full application
  • Stage 3 – Pitch

Expressions of Interest close: 5pm Tuesday 14 May 2024.

Please contact the team at MGI if you have any questions or require further information.