Grow Your Business Program - Tier 3 Transformation

Overview The Department of Trade, Business and Asian Relations (NT) delivers the Grow Your Business program, which supports Northern Territory businesses to strengthen capability, improve resilience and pursue sustainable growth through access to professional advisory and specialist business services. Tier 3, Business Transformation, is a competitive grant that supports businesses to deliver significant projects that improve productivity, competitiveness and sustainable business growth. Purpose Tier 3 supports larger scale, strategic projects that deliver significant and enduring improvements to business capability, productivity, innovation, competitiveness or market expansion. Projects must align with the program objectives, support long-term business growth, and demonstrate measurable business benefits. Funding An eligible applicant can receive a maximum of $50,000 under this tier Funding is provided on a 50:50 co-contribution basis between the Northern Territory Government and the business What can be funded Applicants must demonstrate that their activity aligns with at least one of the following business improvement areas: Planning and Growing Your Business Building your Team and Leadership Growing Your Customers and Markets Strengthening Financial Performance Improving Business Operations Using Technology to Support Growth Building Business Skills and Confidence Protecting Your Business and Managing Risk Eligibility To be eligible, applicants must demonstrate they meet all the following: Be a Territory Enterprise Hold a valid Australian Business Number (ABN) Be a legal entity (for-profit or not-for-profit) Operate an established business that undertakes ongoing commercial activities and derives a substantial proportion of its income from the sale of goods or services, rather than primarily from grants, donations or fundraising activities Be seeking to improve, strengthen, scale or future-proof an existing business, rather than establish and grow a new business Enquiries Name: Grants Delivery and Systems Role: Department Phone: 1800193111 Email: business.programs@nt.gov.au