Top 5 Government Grant Types For Australian Small Businesses
Each year the levels of government in Australia (Federal (Commonwealth), State and Local) in total provide over $40 Billion of grants and forms of financial support to the Australian Business Sector.
The three charts below offer a high-level estimate of the 2019 Business Grants from all three levels of government:
(At time of posting, the report data was correct. For updated data please refer to chart source: Grant Guru.)
Chart 1: Number and size of Business Grants
Chart 2: Number and Size of Total Business Grants by Industry sector
Chart 3: Number and Size of Total Business Grants by Business Activity
Research conducted by the Institute of Advanced Business Studies identified five core areas that Small Business Owners were looking at when it came to improving their businesses.
These five areas are:
- Innovation – creating new ideas, new products, services or approaches
- Getting new customers
- Upskilling the Business Owner in areas like marketing and sales, people management, financial management and technology use
- Upskilling Small Business Employees in areas including teamwork, the technology used in sales, service, and managing people
- Reducing the expenses of the business. Including high costs like energy, IT, rental and leasing costs, staffing costs and finance and insurance costs