Business Development Planning

The Business Development Plan provides businesses with an opportunity to undertake a comprehensive strategic plan for future growth.

The Business Strategic Review helps individual businesses to identify operational goals.

Potential grant funding

Business Development Plan - 50 per cent of total project cost up to $7, 500

Business Strategic Review - 75 per cent of total project cost up to $4, 000

Applicants can apply for either one or both program streams.

Eligibility

To be considered for funding, applicants must be Victoria-based businesses, with at least two years' of trading history, be financially viable and be a tradable service.

Business Development Plan

Eligible individual businesses can apply for a grant of 50 per cent of total project cost up to a maximum of $7, 500.

The Business Development Plan will assist organisations to pinpoint where they want to go and how they are going to get there. The strategic nature of this assistance allows businesses to:

identify and develop processes that will assist in reaching objectives
identify further opportunities and plan for the future.

The Business Development Plan can be used by businesses wanting to develop their overall business strategy, or specific areas such as, but not limited to:

production/process
finance
environmental strategies
export and marketing
eBusiness development
supply chain
human resources and training strategies
business mentoring.

Business Strategic Review

Eligible businesses can apply for a grant of 75 per cent of total project cost up to a maximum of $4, 000.

The Business Strategic Review provides businesses with valuable insights into areas of their operations and is designed to:

identify the immediate past and present position of a business
illustrate strengths, weaknesses, opportunities and threats
identify and prioritise areas that require attention or change.

This situational analysis can also be directed toward specific issues such as:

eBusiness
human resources
training strategies
environment.

Outcomes can form the basis of a comprehensive Business Development Plan.

Note: Grow Your Business applicants may apply for a Business Strategic Review and a Business Development Plan in one application.

To be eligible for individual funding businesses should:

be financially viable*
be a tradeable service**
be based in Victoria
have two years trading history
have a commitment to innovation and/or potential for export/import replacement
have management strengths
be committed to strategic planning and growth.

* Financial Viability

All information provided pertaining to a Grow Your Business application is treated as Commercial-in-Confidence.

** Tradeable Services

A business that falls under the definition of tradeable services include manufacturers (as indicated by the ANZSIC classification system) and service firms, showing they face import competition, are exporting or have the potential to export or internationalise their business operations in other ways.

Businesses that are not considered to be a Tradeable Service include but are not limited to: