What is this lucrative Lord Mayor’s Women in Business Grant 2021

What is this lucrative Lord Mayor’s Women in Business Grant 2021

The Lord Mayor’s Women in Business Grant 2021 will provide funding to support female business owners to progress their business in response to the devastating impacts of COVID-19.

The grant will provide an opportunity for eligible organisations to apply for funding of up to $5,000 to build their business capability or gain professional services that will boost local economic impact.

The grant will open for applications on Thursday 21 October 2021 for 7 weeks, and close on Thursday 9 December 2021. A total fund of $250k is available for this Lord Mayor Grant, with up to $5,000 available per successful application. A limit of one application per business will be accepted.

 

Grant objective

Women in business are instrumental to the business climate, representing up to 35% of small business owners. This grant will enable the following:

  • Support women in business to thrive and grow
  • Provide a business community of like-minded experts for networking and collaboration
  • Boost the local economy through skill development and local economy stimulation

 

Who’s eligible?

To be eligible for this grant, you/your business must have/be:

  • An active Australian Business Number (ABN) and be registered in Queensland
  • Headquarters/business outlets based in the Brisbane Local Government Area (LGA)
  • Australian Resident/Citizen
  • You must be a woman in business with a minimum of 50% ownership of the business.
  • Applicant must be over 18 at time of application
  • Business needs to be operating/trading for 12 months prior to the date of grant opening with more than 1 client
  • To be solvent and directors to not be an undischarged bankrupt
  • Annual turnover between $50,000 and $500,000.

 

Application requirements:

  • There is 1 application per business
  • Multiple items can be funded however only amounts up to $5,000
  • You must provide original quotes from local Brisbane/QLD suppliers
  • Projects that are funded must commence after the grant is received
  • Funding needs to be expended and outcome delivered for acquittal by 30 June 2022.

 

What can be funded?

  • Procurement of professional services for:
    • Development of business strategy
    • Marketing and brand services
    • Ecommerce services
    • Financial services
    • Compliance and industry regulations relevant to business.
  • Training and Education:
    • Certification by an RTO/ TAFE
    • Professional development on leadership/business strategy
    • Financial literacy
    • Digital marketing
    • Expert training relevant to your business
    • Cost of running or attending a convention, expo or business learning event.
  • Business equipment:
    • Equipment that demonstrates tangible growth for your business, tool or
    • Product that is key in delivering your business outcomes. E.g. Sewing machine for a fashion business, labelling machine for packaging, camera for photographer, etc.

 

All applicants will be automatically signed up to the Brisbane Business Hub community and provided with networking, education and training upskill opportunities.

The following will NOT be funded:

  • Activities purchased using cryptocurrencies, barter, or services in-kind
  • General business operating costs (e.g. bookkeeping/accounting, tax returns)
  • Payments relating to real estate/property including for example, hire costs, lease, or rent fees
  • Payments for services or fees from related parties (including companies with common shareholdings, directors, employees or immediate family)
  • Travel
  • Franchise fees
  • Purchase of stock
  • The payment of GST, registration for GST
  • Maintenance of existing digital technologies
  • The purchase of computer hardware (e.g. computer servers, PCs, tablets/iPad, mobile phones)
  • Products and/or services purchased via direct selling (e.g. by party plan or network marketing)
  • Fees including delivery fees, credit card fees, transaction fees, membership fees and joining fees
  • General office expenses (e.g. printers, phones, computers)
  • Salaries of staff of the applicant
  • The cost of website hosting.

In keeping with Council’s Local Buy Policy, local contractors and/or suppliers within the Brisbane LGA are to be utilised.

 

Assessment criteria and process

Eligible applications will be assessed against demonstrated evidence of how your business will grow revenue, profit, create jobs, and be sustainable because of the grant provided.

The application form will outline key questions to provide this evidence.

  • Applications will be assessed as follows: Eligible applications will be assessed against demonstrated evidence of how your business will grow revenue, profit, create jobs, and be sustainable because of the grant provided. The application form will outline key questions to provide this evidence.
  • An external panel of business knowledge will be selected based on abilities and expertise. This expert panel will review and make recommendations for funding.
  • In some instances, successful applicants may not receive the full amount of the funding requested. If the proposal cannot proceed without the full amount of funding requested, this should be indicated in the application.
  • The grant recipients will be chosen on a determination of merit. Entries will be reviewed in accordance with the responses to the questions on the nomination form.
  • The external panel will be selected by BEDA based on abilities and expertise.
  • The external panel will be required to sign confidentiality agreement
  • The external panel may, in its sole discretion, request further information from entrants at any time as part of the judging process.
  • The external panel’s decision is final, and no discussion or correspondence will be entered into.

 

Application process

For more information about how to apply, contact Link Advisors and we can point you in the right direction.