The Victorian State Government has launched a $2,000 grant that small businesses can use to pay for professional advice from accountants, bookkeepers or lawyers. The grant, called the Specialist Advice Pathways Program is designed help small businesses meet the costs of seeking advice to assist them make the best possible decisions about their business.
A $2,000 grant can be used by businesses to access services, advice or expertise provided by their preferred Qualified Service Provider to address a current and pressing issue to inform future business decisions. Grant funding is not intended for ‘business as usual’ activity and grants are non-transferable.
At the time of application, Applicants will be required to select their preferred service activity and nominate their Qualified Service Provider. Eligible businesses will be notified of their success in October 2022 and receive an upfront payment of $1,000 to commence the service activity and a final payment of $1,000 on the conclusion of the service activity.
The program opened on Monday 29 August 2022 and will close on Friday 30 September at 4:00 PM, or earlier if funds are exhausted. Applications are assessed on a first in first serve basis.
How to apply
Applicants that participate in this program will progress through three key steps:
- Step 1 – Submit an application via the Business Victoria website. Businesses can check the online ABN Checker to ensure their ABN (Australian Business Number) is active as of 1 July 2020.
- Step 2 – If eligible, payment of the first grant instalment of $1,000 so the project can commence with their Qualified Service Provider.
- Step 3 – On project completion, the final grant instalment of $1,000 will be paid. Projects must be completed by 31 January 2023.
Frequently asked questions
|Who is eligible for the grant?
||To be eligible, a business must:
- Be a legally structured business registered in Victoria with an active Australian Business Number (ABN) and have held that ABN on and from 1 July 2020
- Be registered with WorkSafe Victoria
- Employ 1-19 full-time equivalent staff.
|Does the business need an ABN?
||Yes, the business must be an established business and have an active ABN from 1 July 2020.
|Who applies for the grant?
||The business will apply for the grant directly. As the external accountant/adviser to the business, we cannot make this application on your behalf.
|What is the grant for?
||This grant is for professional advice from a qualified service provider, being either an accountant, bookkeeper or lawyer. Specific details of the advice services covered by the grant are available from the Victorian Government.
|What services can I get with the grant?
||Grant funds must be used to engage with a qualified service provider to assist your business with financial and legal advice or services, including:
- Advice and analysis regarding the management of cash flow, preparation or cash flow budgets and projections,
- Profitability analysis and formulation of financial management and/or operational business strategies,
- Strategic analysis to revise business planning and/or governance arrangements,
- Advice regarding the management of debts and liabilities, or
- Advice and/or representation regarding commercial agreement contract terms (i.e. commercial leases or commercial supply contracts).
For further information contact your Advisor or visit the Victorian Government website.