Are you entitled to claim a government grant?

Are you entitled to claim a government grant?  You may be more in luck than you think as there are currently 237 grants and programs available to Victorian businesses.

Government grants and programs can broadly be categorised in two ways:-

• Those available to support new businesses.
• Those that target particular industries and activities.

The support is usually financial and can be used for:-

• Advice and mentoring
• Funding
• Loan
• Sponsorship
• Subsidies and rebates.
• Tax benefits

Two of the most well known ones are:-

• The Export Development and Market Grant – provides at least $20,000 for exporting to existing or new key markets.
• Research and Development Tax Incentive – provides a tax offset to companies with turnover of less than $20,000,000. The tax offset is the sum of the company’s tax rate (either 25% or 30%) + an additional 18.5%.

The rules to these two grants are quite complex as there are many criteria to consider and pass.

Want to know more?

• Ask us
• And go the Australian Government’s Grants and programs finder – click here

At MRS, we will spend today planning for your success.