This program is round two of the Small Business Growth Strategy Grant Program. It aims to support Tasmanian businesses to grow, adapt and innovate by providing grants of between $2,500 and $10,000 for capital purchases that align to the enabling business and technology themes of the Small Business Growth Strategy 2026. The Strategy sets out the priorities and objectives for government and the private sector to support small business growth in Tasmania.
Capital purchases are defined as business assets (also known as plant and equipment) purchased by a business such as machinery, electronic payment terminals and computers.
All successful applicants will be required to provide a cash contribution of at least 30 per cent towards the total purchase cost. The total value of the proposed purchase/s must not exceed $50,000, including GST.
Timeframes
| Description | Date/time |
|---|---|
| Program opens | 2:00pm, 22 October 2024 |
| Program closes | 2:00pm, 10 December 2024 (or when the funding has been fully allocated, whichever occurs first) |
| Applications assessed | In order of receipt |
| Applicants notified | In order of assessment |
| Payment to successful applicants | Within five days of notification that an application has been approved |
How to apply
Confirm your eligibility by reading the Program Guidelines (PDF 601.3 KB) and the Frequently Asked Questions (PDF 623.2 KB).
Apply via SmartyGrants when the program opens on 22 October 2024.
For questions about the application process, contact Business Tasmania by emailing ask@business.tas.gov.au or phoning 1800 440 026.
Important note
These program guidelines have been made available in advance of the program opening to provide applicants plenty of time to review the guidelines, consider their eligibility and identify the eligible capital purchases to include in an application.
In applying for this grant, applicants can not include purchases made before being notified of the outcome of their grant application.