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Ready for Growth Grant in Australia

by opportunitydiary

Application Deadline: 06/01/2024

About Opportunity

The State Government of Victoria is seeking applications for its Ready for Growth Grant to support 1000 Victorian businesses with high growth potential to access new markets and create jobs.

Ready for Growth provides businesses with tailored advisory services by expert Growth Facilitators. The program is being delivered by Business Victoria with delivery partner BDO Australia.

Eligibility Requirements

To be eligible, businesses must:

  • be a legally structured business in Victoria
  • have an Australian business number (ABN)
  • have been in operation for at least 3 years
  • have more than 4 employees and fewer 200 employees
  • have an annual revenue of less than $20 million.

The Department of Jobs, Precincts and Regions (DJPR) will also consider the following factors when prioritising the order and timing of selecting businesses to participate in the program:

  • A demonstrated growth track record or intention to grow. For example, the business is export ready, has expansion plans with job creation and/or purchasing new plant and machinery.
  • Priority industry sectors: a business’s primary business activity as reflected in the business’s ABN registration information. This includes ensuring that the industry classification (ANZSIC class code) linked to the business’s ABN registration correctly captures the primary business activity.
  • Business location: a business’s primary business address as reflected in the business’s ABN registration information.

Official Website: Ready for Growth Grant in Australia

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