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$111.9 million worth of opportunity awaits for Capricornia businesses

  • Northern Australia Development Program: Grant applications are now open.
  • Capricornia organisations can apply for grants of between $50,000 and $2 million for small to medium enterprises. Larger businesses can access grants between $3 million and $10 million.
  • Applications open 4 November 2021. The first round assessment closes on 10 December 2021 and grants will be awarded from February 2022.

Businesses in Capricornia can now apply for a share of $111.9 million worth of grants available for eligible businesses looking to expand, diversify or grow a new industry in Northern Australia.

Minister for Agriculture and Northern Australia, David Littleproud, said this first round of Northern Australia Development Program grants is about backing business and creating jobs.

“This program will jump start the enormous growth and industry transformation potential in Northern Australia, generating jobs and economic opportunities now and into the future,” Minister Littleproud said.

“These grants present an opportunity to get your project off the drawing board and into reality, whether through building new infrastructure, purchasing equipment, or training and feasibilities activities.

Federal Member for Capricornia, Michelle Landry said the program will provide a welcome boost for local businesses.

“This grant is a great opportunity for established businesses supporting them to grow and diversify whilst also encouraging exciting investment and new industry into our thriving region.

“Northern Australia is bursting with opportunity, Central Queensland is a great place to live, work and do business and this investment is important for the future of our area to drive the development of diverse local businesses and create more jobs to support local families into the future.”

Grants of between $50,000 and $2 million will be available for small to medium enterprises to grow their business through new activities. Larger businesses can access grants of between $3 million and $10 million to establish a new industry or significantly grow the value of an existing industry and contribute to transformational change in a region.

The first assessment round closes 10 December 2021. Grants will be awarded from February 2022. The Business Grants Hub will administer the program using a merit-based assessment process.

Further information, including eligibility guidelines, are available at https://business.gov.au/news/scale-up-and-diversify-your-business-in-northern-australia  or by calling the Business Grants Hub at 13 28 46.

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