On March 10th 2022 the Northern Territory Government of Australia has put out a bulletin announcing a major change to both the NT Pivot Grant and the NT Business Growth Program. This update is amazing news for small businesses in the Northern Territory.
Source: https://industry.nt.gov.au/publications/business/publications/business-bulletins/january-to-march-2022/business-bulletin-10-march-2022?_cldee=amF5bmVAd2VmaXgtaXQuY29tLmF1&recipientid=contact-e6ab5536a07fea1181050050569807a2-b7bf35ff75804660a7d3ea32eee503f0&esid=eb8f88b7-07a0-ec11-813a-0050569807a2#headingTwo-1092703
We Fix IT are a registered service provider for both the Pivot and Business Growth Grants Programs
The Business Pivot Grants Program is an initiative to help small businesses adapt to the new economic environment through improvement to their digital capabilities including e commerce solutions and the use of technology to improve visibility and profitability.
What you can get and what can the funding be used for?
You can apply for up to $10,000 on a 25/75 contribution.
Applicants can use the Grant Funding to obtain new technology and digital equipment, undertake future skilling, make physical improvements to their business premises and purchase such equipment and infrastructure that may assist the business to access new markets.
| Businesses can get help to: | The funding can be used for: | You must be able to show how the funding will benefit the business by: |
|---|---|---|
| access new markets | improving digital capabilities | accessing new markets, where the product or service is new |
| create a new product | implementing new technologies | improving profitability and visibility through improved digital capabilities and new technologies |
| offer a new service | purchasing new equipment or making improvements to infrastructure. |
Who can apply?
You can apply if you meet the following criteria:
- have an annual turnover of more than $75,000 and less than $10 million
- be a Territory enterprise
- hold a valid Australian Business Number (ABN)
- employ at least one full-time and no more than 20 full-time employee.
- From 25 December 2021, vaccination requirements will apply to all:
- NT Government contractors
- grant recipients.
- To find out more, read the conditions of contract for COVID-19 mandatory requirements.
- Applicants must confirm they are meeting the directions of the policy. The department may ask for proof to check compliance.
How to apply
You can apply through the GrantsNT website.
To apply, follow these steps:
- Read the terms and conditions
Business pivot terms and conditions PDF (549.9 KB)
Business pivot terms and conditions DOCX (80.5 KB). - Search and select active service providers on the GrantsNT website.
If your preferred provider is not on the list, you can add them on the application. If they are eligible, they will be invited to register. - Go to GrantsNT and log in to your account.
If you don’t have an account you will need to create one, even if you are a sole trader. - Fill in and submit the application. You must include at least one quote in your application.
After you apply
You will be advised of the outcome.
If you’re successful, you will get an approval email with a voucher.
The voucher covers 75% of the total cost of works, up to a maximum of $10,000.
Services must be:
- provided after application is approved, and
- completed by the voucher’s expiry date.
The Business Growth Program is available to businesses seeking to access professional advice systems and services to improve the performance, sustainability, and profitability of their business.
Who Can Apply?
To participate in the program, you must meet all the following criteria:
- be a Territory enterprise
- hold a valid Australian business number
- have a turnover of less than $10 million and more than $75 000
- have at least one full-time and no more than 20 full-time employees
- From 25 December 2021, vaccination requirements will apply to all:
- NT Government contractors
- grant recipients.
- To find out more, read the conditions of contract for COVID-19 mandatory requirements.
- Applicants must confirm they are meeting the directions of the policy. The department may ask for proof to check compliance.
What can you get?
You can apply for up to $10,000 based on a 25-% – 75% contribution. The funding can be used for services in any of the following grant categories:
strategy
- marketing
- operations
- financials
- people and culture
Support is also available if your business needs assistance or requires mentoring or coaching support with implementation of advice received under this program.
How to apply
You can apply through the GrantsNT website. You can talk to a small business champion before you apply.
To apply online, follow these steps:
- Read the Business Growth Program terms and conditions.
- Search and select active providers on the GrantsNT website.
If your preferred provider is not on the list, you can add them on the application. If they are eligible, they will be invited to register. - Go to GrantsNT and log in to your account. If you don’t have an account, you will need to create one (even if you are a sole trader).
- Upload your business plan. If you don’t have one, fill in a canvas template for your business model or answer the questions in the business plan template.
- Fill in and submit the application. You must include at least one quote in your application.
After you apply
Your application will be assessed and you will be advised of the outcome.
If you’re successful, you will get an approval email with a voucher. The voucher cover 75% of the total cost of works, up to a maximum of $10,000.
Services must:
- only be provided after an application has been approved and
- be completed by the voucher’s expiry date.
