Community Programs
6.2 Business Support
This program provides for business advice and planning as well as business development support for Australian-based enterprises.
Benefits
Business Advice – Free advice from Many Rivers. This is NOT compulsory.
Business Planning – Up to $2,500 per financial year for business planning services.
Business Development – For Australian-based businesses:
- First application: for start-up and development of new business, purchase an existing business, or develop an established business up to $22,000 one-off grant
- Second application from the same member OR from the same business under the first application: Up to $11,000 one-off grant for enhancing the successful business in the next financial year.
Eligibility
- Business Development support – IBN Members who wish to establish, acquire, develop or expand a Australian-based business (conditions apply).
- Businesses must be ABN registered.
- No pooling of member benefits
- To comply with fiduciary duties requirements, current IBN Board Directors are not eligible for
Business Planning or Business Development support.
AVAILABLE items
Business Planning Support
- Legal advice
- Market research, feasibility or scoping studies
- Business or marketing plans
- Initial startup costs such as computing equipment
- Other relevant costs
Business Development Support
- Business purchase costs
- Initial business insurance
- Tools and equipment
- Business vehicles
- Renovation or expansion costs
- Other costs directly related to the purchase or development of the business
Items NOT available
General business operating costs, such as rent, utility bills and wages.
Conditions
- No pooling of member benefits.
- Extra conditions apply for Business Development applicants.
Supporting documents
- Program application form 6.2
- Supplier invoices or quotes showing payment details
- Business Development applications:
- Business Plan prepared by a qualified business consultant
- Business bank account statements
- Evidence of bookkeeping or accounting arrangements
- Customer contracts or letters of support
- Proof of ABN/ACN registration
Application Processing Time
- Business planning applications – up to 10 working days once all documents have been received by IBN.
- Business development applications may take several weeks.
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