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Grants, funding and assistance

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Last updated on March 17, 2014

Grants and other funding programs may be available from the Australian, State and Territory governments and, in some cases, from local councils.

Generally there are few grants available for starting a business, and those available are competitive or only available for specific circumstances.

There is, however, a range of assistance – including grants – available for business activities such as expanding your business, innovation, exporting, and research and development.

Below is a listing of grants and funding sources put together by Business Tasmania. We make every effort to provide accurate and up-to-date information. We have also provided links to sites that give a comprehensive list of government grants.

No Australian government, federal, state or local, charges an online fee for any information on grants and funding.

Business 

Farm Finance Concessional Loans Scheme

  • The Concessional Loans Scheme provides loans of up to $650 000 for eligible Farm Businesses for productivity enhancement activities or to restructure existing Farm Business debt. In total the Australian Government will provide $15 million per year (a total of $30 million over two years from 2013-14).
  • Application period for 2013/2014 is open and was expected to close on 14 March 2014. The funding round presently remains open for applications pending confirmation of a slightly later closure date. Application  forms and guidelines are available from the website.
  • Farm Finance Concessional Loans Scheme

 26 TEN Grants Program

  • The Program supports employers and peak bodies to increase the literacy and numeracy skills of Tasmanian workers (paid and voluntary).
  • Applicants can apply for a grant of up to $50,000. There are two levels of funding: Tier 1 $5,000 - $20,000 and Tier 2 $20,001 - $50,000.
  • Applications for 2013/2014 funding round are open and closes on 27 March 2014.

Apprentice to Business Owner (AtoB Program)

  • This free program supports people who have completed a Certificate III in an eligible trade, who are seeking to, or have recently established a business. 

R&D Tax Incentive

  • The R&D Tax Incentive is a targeted, generous and easy to access entitlement program that helps businesses offset some of the costs of doing R&D.

Wealth from Water

  • Providing farmers and agribusiness with the information they need to confidently invest in irrigated agriculture in Tasmania

Renewable Energy Scheme (RELS)

  • RELS includes low- interest loans which assist eligible businesses to purchase and install renewable energy generation facilities or manufacture renewable energy technology.
  • Applications close in June 2014. 

Marketing Assistance Scheme

  •  Assistance is available to eligible Tasmanian-based small and medium-sized enterprises with a sales turnover of between $300,000 and $15,000,000 for approved marketing activities related to developing new national and international markets. 

Commercialisation Australia

  • Offers a range of funding options and resources to help Australian companies, entrepreneurs, researchers and inventors

No Interest Micro Business Loans

  • Provides small, interest-free loans of up to $3,000 to people on low incomes.

Council Grants

  • Most local councils have year round grant and assistance programs. Check out your council's website to find out what's on offer.

Tasmanian Freight Equalisation Scheme

  • The Tasmanian Freight Equalisation Scheme (TFES) assists shippers to transport goods by sea, between Tasmania and the Australian mainland, to help reduce freight costs associated with sea transport.

Social Enterprise Loan Fund

  • The Social Enterprise Loan Fund is designed to assist social enterprises to establish, expand or diversify commercially viable ventures, with the principal objective of addressing barriers to social inclusion in Tasmania. 

City of Hobart Interest Free (IF) Loans for Social Enterprises

  • For three years to 2016, City of Hobart Council will be offering loans of up to $3,000 to social enterprises active in the Hobart community. The loans are repaid at $60 per fortnight and no interest is charged.

Enterprise Connect

  • Enterprise Connect offers comprehensive, confidential advice and support to eligible Australian businesses to help them transform and reach their full potential.  Eligibility criteria include turnover (in general over $1,500,000) and industry.
  • Businesses who are reviewed by a consultant have access to $20,000 dollar for dollar funding for certain acquisitions.

New Enterprise Incentive Scheme (NEIS)

  • Job seekers interested in starting and running a small business may be able to get practical small business training, business mentoring and financial assistance from the Australian Government.
  • Job seekers participating in the scheme receive a NEIS allowance for up to 52 weeks while they are operating their NEIS business. The amount received is not affected by the income received from the NEIS business and some participants may also be eligible to receive NEIS Rental Assistance.

Arts

Screen Tasmania

  • Funding and support through loans, grants and equity investments in the development, production and marketing of Tasmanian screen projects.

Arts Tasmania

  • Offers a wide range of funding programs to individuals and organisations at different times throughout the year

Australia Council for the Arts

  • The Australia Council for the Arts is the Australian Government's arts funding and advisory body. Each year, they deliver over $200 million in funding for arts organisations and individual artists across the country.

Sports and recreation

Sports and recreationTasmania

  • Clubs, not-for-profit organisations and local government entities can apply for funding to increase opportunities for participation in sport and active recreation in Tasmania.

Community Grants

Tasmanian Community Fund

  • The Tasmanian Community Fund was established in 1999. It provides grants to community organisations that make a difference by enhancing well-being and improving social, environmental and economic outcomes for the Tasmanian Community.
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