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Department of
State Growth


Grants and funding

Federal Government funding programs

New initiatives in the 2014 Federal budget that support business

(Unless otherwise indicated dollar amount is over 4 years)

Department of Industry

Entrepreneurs' Infrastructure Program$466.3m

In the process of being designed – no detail at this stage.

You can register your interest in the program on the AusIndustry Website.

Alternatively you can call the AI Hotline on 13 28 46 and leave your details.

Minister’s comments: The EIP will offer market and industry information, business management advice and skills from experienced private sector providers, access to researchers and innovators to re-engineer business operations, products and services, connections with supply chains and potential markets, and commercialisation advice through specialist sector expertise. Will be delivered through the new Single Business Service.

Industry Skills Fund
$476m

Minister’s comments: will deliver close to 200,000 targeted training places and training support services over four years. High-quality accredited and targeted training will be delivered by Registered Training Organisations to businesses.

Will be administered through the Single Business Service.

New skills package delivering the training of the future


Trade Support Loans

$1.9b

From 1 July 2014 the Government will offer loans of up to $20,000 over the life of an apprenticeship. These loans will ease the financial burden and help increase apprenticeship completion rates. Like HELP loans for tertiary students, the loans will be repayable once apprentices are earning a sustainable income: 20 per cent will be immediately deducted from the total, with the balance to be paid off once they are on the job and earning.

New skills package delivering the training of the future

Australian Government Innovation and Investment Fund for Tasmania$11m/3yrs

No details at this stage


Manufacturing Transition Grants Program

$50m/3yrs

Transitioning traditional manufacturing businesses to areas of growth. This Budget initiative will commence on 1 July 2014 and will assist manufacturers to shift to higher value and growth markets.
No other details at this stage.

Industry Portfolio (p31)


Exploration Development Initiative

$100m

The Incentive will target junior exploration companies, commence on 1 July 2014, and be capped at $100 million.

Attracting private sector investment

Tasmanian Major Projects Approval Agency

$2.7m/3yrs

To speed up regulatory approval and encourage private investment in the Tasmanian economy.

To commence 1 July 2014 in Launceston.

Small Business

Small Business Advisory Program
$Around 6m/pa

Details of program not yet known

Portfolio budget statements 2014-15: Industry portfolio (p54)


Small Business Support Line

$1.3m/pa

Portfolio budget statements 2014-15: Industry portfolio (p54) funded until 15/16


Small Business access to government procurement

$2.8m

A new unit will be set up to provide specialist advice on contracts and to ensure small businesses are not disadvantaged as part of Commonwealth Departments tendering and procurement processes.

Access to the Commonwealth made easier for small business


Small Business and Family Ombudsman
$8m

A one stop shop for small business into the Commonwealth, a single entry point to provide an easy way to find out about services ad programmes.

Access to the Commonwealth made easier for small business


Small Business protection$1.4m

Small businesses will get the same protections as consumers when it comes to unfair contracts imposed by big business. It will extend unfair contract relief from consumers to small business to deal with unfair terms in standard form contracts , which are presented by big business on a 'take it or leave it' basis, with little or no ability to vary the terms. The legislative reforms will make unfair terms in standard form contracts with small businesses void. This will help to provide a level playing field for small businesses and enhance the welfare of Australians by increasing small business certainty, confidence and productivity.

Small business to get the same protections as consumers

Tourism

Tourism Demand-Driver Infrastructure Program
$43m

Support the states and territories to develop key tourism infrastructure to stimulate tourism demand in their states, territories, cities and regions. Further details not available at this stage.

Budget affirms government support for tourism


Australia-China Approved Destination Status (ADS) scheme
$10m

To further improve the visitor experiences of Chinese tourists. China is Australia’s biggest tourism market worth more than $4 billion annually.

Budget affirms government support for tourism

Australia Week in China (AWIC)
$2m

To support the staging of the successful initiative again in 2016, the promotion of our tourism brand is a key component of AWIC.

Budget affirms government support for tourism

Trade

EMDG continues

Provides partial reimbursement for expenditure on eligible export promotion activities

EFIC

Cont'd

Will deliver $200 million in cash capital to the Export Finance and Insurance Corporation to support small and medium size businesses to successfully grow their exports. This will reverse the previous Government’s decision announced in the 2012-13 Budget.

2014-15 Foreign Affairs and Trade Portfolio Budget

Infrastructure and Regional Development

The National Stronger Regions Fund$200m/year

Will invest $200M each year over five years in local capital works projects to improve local communities, for a total investment of $1B. From 2015, the fund will enable councils and community groups to apply for grants between $20,000 and $10M, to meet half the cost of community building projects. Funding priority will be given to disadvantaged regions with a higher than average unemployment rate.

Commitment to Regional Development Australia committeesThese continue including our Regional Development Australia - Tasmania committee

Agriculture

Helping small exporters deal with the cost of export fees and charges
$15m

The Government is helping small exporters deal with the cost of export fees and charges. Small exporters in the meat, dairy, fish, horticulture and grain industries may be eligible for the rebate. A rebate will be available in 2014–15 to cover 50 per cent of export registration charges up to a maximum of $5,000. For the remainder of 2014-15, the export sectors will work with the Department of Agriculture to review the export certification fees and charges, through existing Government-industry consultative committees. These committees will need to report about the sustainability and equity of fees and charges, and recommend a new fees schedule to begin 2015 – a fee schedule that everyone can agree on and that doesn’t disproportionately discriminate against new or small exporters. Minister Joyce said he was expecting the industry committees to recommend projects that will help improve market access for small exporters in their field.

Government fulfils $15 million election promise to small exporters

Rural Research and Development for Profit
$100m

To support continued innovation in our agriculture, fisheries and forestry sectors. The Rural R&D for Profit Policy Initiative will fund research activities that focus on enhancing the profitability of our agricultural industries. "This initiative is part of the Government's Economic Action Strategy to build a strong, prosperous economy and a safe, secure Australia. “We know there is a strong link between R&D and agricultural productivity growth and recognise that it is a key driver to industry and farm gate profitability," Minister Joyce said. This research will focus on delivering cutting edge technologies, with an emphasis on making research accessible for farmers. Research must be practical and support our farmers and producers.

This initiative will be delivered through a competitive grants process. No other specific details at this stage.

$100 million in agricultural R&D keeps Aussie farmers at cutting edge

Stronger biosecurity and quarantine system
$20m

To build a stronger biosecurity and quarantine system, to build on our existing preparedness and response capabilities as part of a national approach to biosecurity "This includes funding for improving preparedness and ensuring there are resources immediately available to respond to and reduce the impact of pest and disease incursions on producers and their livelihoods.”

Government delivering initiatives to strengthen Agriculture

Source: Ministerial press releases and budget papers all openly available on the internet.