Small business grants in Australia

When building a business, a small business grant can significantly accelerate your growth. There are numerous support options designed to help businesses – especially in the retail and hospitality sectors – fast-track their journey to success.

Australia-wide small business grants, subsidies and tax breaks

Wage subsidies

If you hire staff you may be eligible for wage subsidies, opens in new window up to $10,000, which can ease your financial burden as you grow.

Tax offsets and deductions

Sole traders with revenue under $5 million per financial year may qualify for the Small Business Income Tax Offset, opens in new window which can provide up to $1,000 annually.

From July 1, 2023, the instant asset write-off threshold increased to $20,000 for businesses with a turnover under $10 million. Additionally, small businesses with a turnover below $50 million investing in eligible energy-efficient assets can claim an extra 20% tax deduction. Installing or using these assets by 30 June 2024, is essential.

Let’s take a look at what small business grants are available in your State.

New South Wales

MVP Ventures Program

Small businesses in sectors such as digital systems, software or tourism may qualify for government-funded startup business grants ranging from $25,000 to $50,000 under the Minimum Viable Product Ventures Program, opens in new window. This program supports start-ups and innovative small and medium enterprises (SMEs) in their product lifecycle from early-stage research to mature investment opportunities.

Payroll tax rebate

A payroll tax rebate is available for small businesses that hire apprentices and new entrant trainees recognised by Training Services NSW.

Victoria

Victorian Business Growth Fund

The $250 million Victorian Business Growth Fund, opens in new window assists small and medium-sized businesses with revenue between $5 million and $100 million in accessing funds or finding the right financial partners for long-term growth.

Queensland

Small business grants

The Department of Employment, Small Business and Training administers various grants and programs to support Queensland small businesses. Check the Queensland Government’s small business grants schedule, opens in new window for available options.

Australian Capital Territory

ICON grants

Innovation Connect Grants, opens in new window (ICON) support entrepreneurs in developing and growing their ideas, with grants typically ranging from $10,000 to $30,000.

South Australia

South Australian Young Entrepreneurs Scheme

The South Australian Young Entrepreneurs Scheme (SAYES, opens in new window) assists South Australians under 35 in turning their business ideas into reality.

Western Australia

Small business advisory services

The Western Australian government provides free advice and support for the startup and management of small businesses. Learn more about their small business advisory services, opens in new window.

Tasmania

Apprentice and Trainee Grant for Small Business

The Tasmanian Government offers the Apprentice and Trainee Grant for Small Business, opens in new window, providing up to $5,000 for each full-time apprentice or trainee, and up to $2,500 for part-time employees.

Northern Territory

Business grants and funding

The Northern Territory Government offers various grants and financial incentives for business owners. Learn more about their business grants and funding, opens in new window options available.

Other government grants for small business

Most local councils have year-round grant and assistance programs. Visit your council's website to discover the latest available government grants for small business and consider contacting your local chamber of commerce for additional resources.

The Federal Government’s grant finder tool, opens in new window currently lists various government grants for small businesses, in addition to other support options from financial counselling, to relocation assistance.  

How to be eligible for a small business grant

• Business structure: You must be a registered business entity (for example, a sole trader, partnership, or corporation).
• Location: Grants may vary based on your state or territory.
• Industry focus: Some grants may target specific sectors or business types.
• Project scope: Small business grants will often require a clear project plan and objectives.
• Financial health: Be prepared to demonstrate your financial position and need for support.

For detailed information on eligibility requirements, consult specific government grants for small business on government or local council websites.