The Entrepreneurs' Infrastructure Program is a new approach to the way the government provides services to business that recognises Australia's diverse business landscape and that the market and industry are changing in the global economy. The program is now accepting applications for Business Evaluations and Business Growth Grants under the Business Management Stream of the Program.
The Entrepreneurs' Infrastructure Program is a new approach to the way the government provides services to business that recognises Australia's diverse business landscape and that the market and industry are changing in the global economy.
The new Program, announced in the 2014/15 Federal Budget aims to improve the capabilities of small to medium enterprises to become more competitive and grow. An overview of the entire program was covered in our article Federal Government announces details on the Entrepreneurs' Infrastructure Program. Further to that we can now confirm that the Program is now accepting applications for Business Evaluations and Business Growth Grants under the Business Management stream.
A Business Evaluation is performed at no charge to your business by a government business adviser with consulting expertise and a commercial background in a relevant industry. Your assigned Business Adviser will spend one to two days on-site with you to gather information for your Business Evaluation and will work with people throughout your business to develop a thorough view of:
- relative strengths and weaknesses
- strategic business issues
- critical areas for business improvement
- potential pathways for growth
Your business will undergo a holistic Business Evaluation including business direction and strategy, industry standing and market position along with business performance. The Business Adviser will use industry experience combined with diagnostic tools to investigate key areas of your business and recommend areas for improvement.
Your business receives a detailed report and recommendations outlining where to make improvements. Often the recommendations will require expert assistance to implement so businesses can apply for funding for consultants to assist the business owner in this process.
A Business Growth Grant is available to engage external expertise to assist businesses with implementing improvements recommended by their Business Evaluation. Businesses must have received a Business Evaluation to be eligible to apply for a Business Growth Grant.
Business Growth Grant project must address areas of expertise that:
- build the internal capability of your business
- embed new knowledge into your business
- are not in the normal course of your business
Your business will be reimbursed up to half the cost of engaging the consultant, to a maximum of $20,000 (excluding GST).
To find out more about accessing these additional business services visit www.gov.au , speak to your Hanrick Curran Adviser or contact our Business Improvement Consultant, Angela Winton on 07 3218 3900.