Business Grants to Boost your Funds
For business owners, grants and incentives from the Australian government can provide much-needed help. Whether it’s to help kick start your business, support growth, or provide a healthy cash flow boost.
Navigating what is currently available can often be challenging, so we’ve taken the guesswork out of it for you.
Here are 2 grants that are available nationally that might help boost your business funds.
JobMaker Hiring Credit
Employers may be eligible to receive payments under the JobMaker Hiring Credit scheme if they hire new employees.
If you and your new employees meet the eligibility criteria, you may be eligible to claim hiring credit payments for 12 months for each new job filled.
You may be eligible for the below payments:
- up to $200 a week – for each eligible employee aged 16 to 29 years old
- up to $100 a week – for each eligible employee aged 30 to 35 years old
Boosting Apprenticeship Commencements
This wage subsidy program supports employers of any size to take on new apprentices or trainees.
Businesses that engage an Australian Apprentice between the 5th of October 2020 and the 31st of March 2022 may be eligible for a subsidy of 50% of the apprentices’ gross wages. The subsidy is for a maximum of $7,000 per quarter, per eligible apprentice, for wages paid in the 12-month period from the date they start.
To be eligible, the apprentice or trainee will need to be undertaking a Certificate II or higher qualification and must have a training contract that has been formally approved by the state training authority.
Bother federal and state governments continue to release new grants and incentives to businesses around Australia, keep an eye out for anything that your business may be eligible for.
Follow the link below to find grants, funding and support in your local area.
Morris Finance offers a wide range of finance solutions, tailored to meet your business’s specific needs. Our team of dedicated finance specialists can provide you with information and access to financial solutions to allow your business to grow. Contact us today on (03) 5223 3453 to discuss your options.
