The Ipswich City Council Small Business Funding Program has been extended for another round (Round 2) to continue the financial support for Ipswich based small businesses through and post the COVID-19 pandemic. The program is a cash payment of up to $1,000 (exclusive of GST) per eligible applicant. The funding priorities are to help Ipswich small businesses get back to doing business, and stimulating the local economy.
Opening Date 1 October 2020
Closing Date 30 June 2021
Notification Within 28 days of application*
Funds Acquitted Within 60 days of funds dispersal
*Unless application is incomplete and the assessors request more information.
The total funding available for Round 2 of the Ipswich City Council Small Business Funding Program is $1,000 (exclusive of GST) per business. A total funding pool of $200,000 was allocated for the program. Round 1 saw over $68,000 dispersed to local small businesses, with the balance of $131,732 now available in Round 2.
Expenses which are eligible for funding are:
– future expenses (provided these expenses are incurred and acquitted by the business before the acquittal is due)
– reimbursement on Eligible Funding Projects acquired by the business from 1 March 2020.