The Business Growth Fund (BGF) is a grant program targeting high-growth businesses who can accelerate growth, drive Queensland's economy and employ more Queenslanders.

The program provides direct financial support for small and family businesses to purchase specialised equipment to grow, increase productivity and efficiency, increase market share or develop and expand export opportunities.

Funding ranges from $50,000 to $75,000 (excluding GST). If successful, you'll receive funding in 3 milestone payments. You'll also need to contribute at least 50% of your total project costs.

You'll be expected to use the funding to:

• increase confidence for growth, transitioning from small to medium-sized
• increase productivity, turnover, profit and/or employment by 20%
• improve confidence to automate, scale up, increase market share, diversify and/or exploit exporting opportunities.

Application process:

• Stage 1 of the application process is to Register your interest by 30 January 2026 at 5pm
• Stage 2 - Invited to complete a full application which will be competitively assessed.

When you apply, and for the duration of your funded project, your business must:

• be an established and financially sound small Queensland business with the potential for high growth within the next 2 years
• have less than 20 employees (by headcount-see definition below)^{^}
• be operating, and have an active Australian Business Number (ABN)^{^}
• be registered for GST^{^} (as per your Australian Business Register (ABR) record)
• have a registered Queensland headquarters location^{^} (as per your ABR record)
• have a turnover^# in the last financial year (2024-25) between $500,000 and $10 million
• have a minimum trading history of 3 years
• have experienced 2 years of high-growth⁺ and have clearly defined growth and employment opportunities in Queensland
• not be insolvent or have owners/directors that are currently bankrupt or undischarged from bankruptcy^{^}
• not have been approved for funding under earlier BGF rounds.

See guidelines for more detailed information.

• Phone: 13 74 68
• Email: grants@desbt.qld.gov.au