Business Growth Fund Program (Queensland)

Business Growth Fund Program (Queensland) is sponsored by Queensland Government. The Business Growth Fund targets high-growth small to medium-sized businesses in Queensland that can accelerate growth, drive the state's economy, and employ more Queenslanders. The funds can be used to buy specialised equipment to aid business development and growth.

Business Growth Fund Program | Business Queensland Business Growth Fund Program 15 April 2026 —Stage 2: Full application closed. 9 March 2026 —Stage 1 applicants notified of outcomes. The Business Growth Fund (BGF) is a grant program targeting high-growth small and family businesses who can accelerate growth, drive Queensland's economy and employ more Queenslanders.

The program provides direct financial support for small and family businesses to purchase specialised equipment to grow, increase productivity and efficiency, increase market share or develop and expand export opportunities. Funding ranges from $50,000 to $75,000 (excluding GST). If successful, you'll receive funding in 3 milestone payments.

You'll also need to contribute at least 50% of your total project costs. You'll be expected to use the funding 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.

When you apply, and for the duration of your funded project, your business must: be an established and financially sound small Queensland business with the potential for high growth within the next 2 years have less than 20 employees (by headcount—see definition below) ^ be operating, and have an active Australian Business Number (ABN) ^ be registered for GST ^ (as per your Australian Business Register (ABR) record) have a registered Queensland headquarters location ^ (as per your ABR record) have a turnover # in the last financial year (2024-25) between $500,000 and $10 million have a minimum trading history of 3 years have experienced 2 years of high-growth + and have clearly defined growth and employment opportunities in Queensland not be insolvent or have owners/directors that are currently bankrupt or undischarged from bankruptcy ^ not have been approved for funding under earlier BGF rounds ^ .

# Turnover means aggregated turnover as defined in the Income Tax Assessment Act 1997 (Cwlth) . + High growth is defined as an average annual 20% increase in turnover and/or employment in the last 2 years. ^ Your business must maintain this eligibility for the duration of the grant funded project.

all full-time, part-time and casual employees anyone who receives a salary or wage from your business. Do not include business owners, non-executive directors or contractors in your headcount figure. The Business Growth Fund Round 7 uses a 2-stage application process.

Stage 1: Registration of interest (ROI) – closed Complete a registration of interest to be considered for this grant.

Submit your project application detailing: how the proposed specialised equipment investment will directly enable business growth, demonstrating measurable increases in production capacity, efficiency, and output how the equipment introduces innovation or technological advancement within your operations, improving competitiveness, productivity, and long-term sustainability how the project will create new employment opportunities and support workforce development through training, upskilling, or new technical roles.

Registrations of interest are now closed. Stage 2: Full application – closed Following initial assessment eligible applications may be invited to complete a full application which will be competitively assessed. Stage 2 applications are now closed.

Frequently asked questions Read the application guidelines . View the list of grant recipients . View the small business grants schedule to watch for other grant opportunities.

View successful Business Growth Fund recipients from previous grant rounds. You can access interpreter and translator services if required. Phone 13 QGOV (13 74 68) or email grants@desbt.

qld. gov.au .