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Business Grants On Offer Latrobe Valley small businesses looking to boost productivity or enhance export potential could be eligible for government funding support, Nationals Member for Morwell and By Russell Northe - 16th March 2011 - Back to News Parliamentary Secretary for Small Business Russell Northe said this week.
The second round of the Coalition Government’s Competitive Business Fund was now open, offering two streams of assistance on a co-contribution basis.
Under the Enterprise stream, up to $250,000 was available for a project involving one company, to be matched by a minimum of $3 for every $1 granted.
The Supply Chain stream offered up to $500,000 for a collaborative project involving multiple companies, to be matched by a minimum $2 for every $1 granted.
Funding can be used for investments that increase a company’s or supply chain’s productivity and competitiveness, including:
• purchase/upgrades of plant and equipment or technology
• upgrades to existing infrastructure
• improvement/enhancement of capabilities or skills
• adoption of new processes
• development of an innovative product, process or market that will
• generate broader benefits to the community
• mergers and acquisitions that will create sustainable, growth-oriented entities
• collaborative projects among multiple businesses that facilitate greater business growth, and
• demonstration projects where knowledge is shared across industry which leads to significant productivity improvement.
Mr Northe said that grants were aimed at helping local businesses invest in new equipment, infrastructure, technology and product or process innovation to improve their competitiveness, productivity and export potential.
"By working in partnership with business to drive new investment, these grants boost innovation, create high value jobs and strengthen Victoria and the Latrobe Valley’s economy," he said.
Mr Northe said the online application form and other guidelines are available from www.business.vic.gov.au or by calling Business Victoria on 13 22 15. Applications close on April 8.
Media: Russell Northe 0408 22 55 23 / Julia Auciello 5133 9088
Source: http://gippsland.com/ Published by: news@gippsland.com
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