Government grants Australia

Federally funded grant programs by the Australia government are available for all kinds of sectors. Individuals, businesses and various other institutions may tender their application to the relevant government unit so as to access these funds. Nowhere has the impact of government grants Australia program been so pronounced than in the small business sector where the Australian government has allocated as much as $3.5 billion to give small businesses a bump. So pronounced has been funding that SMEs and startups now rely on government grants Australia to meet as much as 80% of their funding needs. Apart from the small business sector government grants Australia are also common in the education sector, renewable energy sector, industry, transportation and the arts. They help strengthen these sectors by injecting a great deal of innovation and vitality necessary to improve the competiveness of the Australian economy in the global marketplace.

In the small business sector where government grants play a very key role, businesses are able to cut back on their reliance on the traditional lenders and their ultra high interest rates. Funding is one of the biggest challenges for small business which are always penalized by financial institutions due to the high risks involved. Small businesses are very volatile and tend to have very volatile income streams. The smaller business, the greater the risk and the higher the interest rates at which it will have to borrow from the financial intermediaries.  The government grants Australia do therefore fill a huge gap and SMEs and startups need to take advantage of these.

There are several areas of small business operations which these government grants Australia programs do support. For example, small businesses can use these grants to finance business risk insurance, business renovations, business expansion, payment for training, mentorship services and trade fairs. The government grants Australia program may also be applied in advertising and marketing, funding equipment, research and development, new business startups, feasibility studies, import and export assistance,  purchase and many other business financing needs. They are perfectly suited for entrepreneurs and helps wean them from long term costly debt particularly in the initial stages of the business.

There are many types of government grants that businesses can pursue in Australia. These include non payable grants for businesses, wage subsidies for small businesses, low interest loans,

consulting services and venture capital. Eligible entrepreneurs can submit an application directly to the relevant government departments for government grants Australia funding programs. There are numerous sites that offer excellent advice on how you can apply for these grant programs. A good place where you may begin digging up information is the Australia grants government portal at http://www.wofunding.com/ but there are countless other websites where you can find up to date information on government grants Australia.  It is however important to watch out for websites which ask you to pay to access grants. If you are unfamiliar with the whole process of applying  for grant it is important to contract a professional so as to increase your chances of success when applying  for the grant.