Deadline: 9-Sep-22
Businesses can apply for Council funds to assist them to diversify and expand and to encourage new businesses to start up.
Purpose
This Policy provides a framework for Campaspe Shire Council ('Council') to allocate its funds in an effective and equitable manner for the benefit of existing local businesses and those seeking to establish themselves.
Funding Categories
- Funding category – start up/ new
- Funding category – small business
- Funding category – medium business
- Funding category – large business
Funding Information
-
Start up/ new
- Operating less than one year
- 1-10 full time equivalent employees
- Maximum grant per application $3,000
-
Small business
- 2-10 full time equivalent employees
- Maximum grant per applicant $5,000
-
Medium business
- more than 10, but less than 20 full time equivalent employees
- maximum grant per applicant $10,000
-
Large business
- more than 20 full time equivalent employees
- maximum grant per applicant $15,000
Eligibility Criteria
- Council seeks to support local businesses diversify and expand, as well as attract new businesses to the municipality.
- The types of assistance Council can provide to businesses/investors includes market research, economic analysis, community profiling data, local knowledge, introductions, advocacy, business workshops, quarterly newsletters and financial assistance.
- Council Officers liaise with businesses on a case by case basis to determine the most appropriate support to provide each business.
- Business Grants provide a level of financial support.
- Applications for Council's small business grants program will be called twice per year, closing in September and March.
- Funds will be administered in a transparent and equitable manner and they will be promoted across the municipality in a way that will allow maximum opportunity for businesses to apply.
- Funds will be administered using the eligibility criteria and conditions in the Guidelines as approved by Council from time to time.
- All grants are approved on a discretionary basis.
Assessment Criteria
-
Start up/ new
- Business plan
- Innovation
- Anticipated employment growth (full time equivalent)
- If successful, only currently trading businesses will receive payment. While start ups can apply the business will not receive funds until it is trading.
-
Small business
- Business plan
- Anticipated employment growth (full time equivalent)
- Capital investment
- Innovation
- Anticipated flow on economic activity as a result of the investment
-
Medium business
- Business plan
- Anticipated employment growth (full time equivalent)
- Capital investment
- Innovation
- Anticipated flow on economic activity as a result of the investment
-
Large business
- Business plan
- Anticipated employment growth (full time equivalent)
- Capital investment
- Anticipated flow on economic activity as a result of the investment
For more information, visit Campaspe Shire Council.
For more information, visit https://www.campaspe.vic.gov.au/Our-services/Community-support-programs/Grants-funding/Business-assistance-grants