The Jobs and Growth Fund is an excellent opportunity for your business to secure funding that can drive long-term growth and job creation. This program offers interest-free repayable contributions for up to 50% of eligible costs, making it a cost-effective way to finance your projects. The fund supports a wide range of activities, including transitioning to a green economy, fostering an inclusive recovery, and enhancing digital adoption.

What You Get:

• Interest-free repayable contributions for up to 50% of eligible costs.
• Support for activities that help your business adopt clean technology and drive sustainable growth.
• Assistance in scaling up, market expansion, and enhancing competitiveness through digital solutions.

By participating in this program, you can future-proof your business, build resilience, and prepare for growth. The application process is straightforward, and funding is available on a continuous intake basis until fully allocated. This is a unique chance to access government-backed financing that can significantly benefit your business.

Type of Financing:

• Interest-Free Repayable Contributions: Eligible businesses can receive up to 50% of eligible costs as interest-free repayable contributions.
• Non-Repayable Contributions: Eligible not-for-profit organizations can receive up to 90% of eligible costs as non-repayable contributions.

Eligible Expenses:

• Development and adoption of clean technology.
• Planning and driving clean, sustainable economic growth.
• Development of green regional clusters.
• Transitioning businesses to a green economy.
• Supporting businesses owned or led by underrepresented groups.
• Digital and technological solutions to increase productivity.
• Scaling businesses and enhancing capabilities.
• Market expansion and supply chain adaptation in critical sectors.

Ineligible Expenses:

• The funds cannot be used for expenses outside the scope of the eligible activities mentioned above.

Fees:

• There are no fees associated with this program.

The Jobs and Growth Fund offers a great opportunity for your business. You can receive funding to help create jobs and support long-term growth. The fund provides up to $700 million nationally over three years, with a portion dedicated to businesses started after January 2020.

Eligible businesses can receive interest-free repayable contributions for up to 50% of eligible costs. If you run a not-for-profit organization, you could get non-repayable contributions for up to 90% of eligible costs. This funding can be used for activities like transitioning to a green economy, fostering an inclusive recovery, enhancing competitiveness, and creating jobs.

This program is designed to help your business grow and become more resilient. It supports the development and adoption of clean technology, digital solutions, and other innovations. By participating, you can strengthen your business, contribute to a sustainable economy, and help create a more inclusive workforce.

1. Gather Required Documentation:

   • Business Plan
   • Financial Statements (last 2 years)
   • Proof of Business Registration
   • Project Proposal (detailing how funds will be used)
   • Quotes for any planned purchases or services

2. Prepare a Detailed Project Proposal:

   • Outline the project objectives
   • Explain how the project aligns with eligible activities (e.g., transitioning to a green economy, fostering an inclusive recovery)
   • Provide a timeline and budget for the project

3. Complete the Application Form:

   • Fill out the application form provided by the regional development agency (RDA)
   • Ensure all sections are completed accurately

4. Submit the Application:

   • Submit the completed application form along with all required documentation to the appropriate RDA
   • Include any additional information that may support your application

5. Follow Up:

   • Contact the RDA to confirm receipt of your application
   • Be prepared to provide any additional information or clarification if requested

6. Review and Approval:

   • Wait for the RDA to review your application
   • Respond promptly to any requests for further information or documentation

7. Receive Funding:

   • Upon approval, review the terms and conditions of the funding agreement
   • Sign the agreement and receive the funds to start your project

8. Implement the Project:

   • Use the funds as outlined in your project proposal
   • Keep detailed records of all expenditures and project progress

9. Report on Progress:

   • Submit regular progress reports to the RDA as required
   • Include financial statements and updates on project milestones

10. Complete the Project:

    • Once the project is completed, submit a final report detailing the outcomes
    • Include a summary of how the funds were used and the impact on your business

By following these steps, you can successfully apply for and utilize the funding to grow your business.