The Business Basic grant of $5000 will be a hotley contested grant and you need to register an expression of interest. Small businesses can now check the eligibility criteria and other details for the upcoming fifth round of the Business Basics Grants, which will focus on resilience. This grant will launch on 29th May 2024 at 9am. You need to have everything ready as there will be a quick timeframe to lodge and it will close as soon as funds are exhausted – think minutes – you need to be at your computer ready to go at opening.
The Grant offers $5,000 to support business continuity and succession planning, security planning and solutions or sustainability activities. It aims to help businesses prepare for, respond to or recover from natural disasters and major events or improve their day-to-day operations.
Some points for Eligibility:
Business continuity and succession planning (including disaster preparation)
- Develop and implement a business continuity plan to ensure operations can continue in the event of disruptions.
- Develop an incident response plan, risk management plan and/or recovery plan.
- Develop a succession plan tailored to the business’s needs and goals.
- Develop an emergency evacuation plan or training program.
- Purchase emergency kit equipment and related software, such as first aid kit, flashlights, batteries, and portable radio for an emergency kit.
- Implement new or upgrade existing online or cloud-based accounting systems.
Security planning and solutions
- Plan and/or implement physical security measures, such as surveillance cameras, alarms, or access control systems.
- Conduct cyber security risk assessments and implement mitigation systems.
- Implement cyber security measures to protect data and systems, for example, anti-malware, antivirus, backups, data migration, encryption, firewalls, and modems/routers with enhanced security.
Sustainability
- Conduct sustainability assessments or audits to identify areas for improvement and develop action plans.
- Develop or revise a tailored business plan aligned to the business’s specific needs and goals.
- Implement energy-efficient practices or technologies to reduce operational costs and environmental impact.
- Develop a plan to localise the suppliers of your businesses.
To review the program and see if your business is eligible, a registration of interest process will open at
9 a.m. on Wednesday, May 29th, 2024. Applications close on Tuesday, June 11th, 2024.
If you require further help with you application KBAS Bookkeeping can help you with the process. Be in it to win it!
