Grants and incentives for businesses

Brisbane Transport

There are a number of grants and incentives available for those seeking to start, expand or relocate their businesses to Brisbane. The programs come from all levels of government, with Brisbane City Council's incentives and grants focusing heavily on the student accommodation and retirement/aged care sectors. The Brisbane Marketing Investment Attraction team can help guide you further with any questions you may have.

Government incentives

Incentives Description
Brisbane City Council incentives and grants
 
Retirement and Aged Care Incentive The reduction of infrastructure charges for retirement and aged care accommodation developments is available for eligible development approvals given between 1 September 2016 and 31 December 2019.
Student Accommodation Charges Reduction The reduction of infrastructure charges for eligible student accommodation developments is available for development approvals that take effect between 1 July 2014 and 30 June 2017 inclusive
Infrastructure Charges Reduction for Eligible Community Organisations
The reduction is available for 75% of the infrastructure charges levied by Council on the associated development approval, up to a maximum amount of $45,000 for development approvals given between 1 July 2016 and 30 June 2020.
Advance Queensland (State Government)
 
Business Development Fund Queensland businesses at the forefront of commercialising cutting edge research or innovative ideas, products or services have an opportunity to access $40 million of investment to help unlock their innovative potential.
Regional Innovation Program
Encourages innovation across Queensland and supports local economies to create jobs for regional Queenslanders.
Commercialisation Partnership Program
Places Queensland innovators in Chinese incubators to collaborate with global expertise, access top facilities and accelerate commercial outcomes.
Ignite Ideas Fund Supports the development of new or improved products, processes or services to secure investment, launch into global markets and grow business.
Federal Government incentives and grants  
Federal Government R&D Tax Incentive A 45 per cent refundable tax offset is available to eligible small companies with an annual aggregate turnover of less than AU$20 million, provided they are not controlled by income tax exempt entities. These companies can receive a refundable tax offset of 45 per cent of their R&D spending as part of the processing of their income tax return. A 40 per cent non-refundable tax offset is available to all other eligible entities. Unused offset amounts may be carried forward for use in future income years.
Biomedical Translation Fund (BTF) The $500 million Biomedical Translation Fund will make venture capital investments in promising biomedical innovations with commercialisation potential in Australia.

Renewable energy programs

Clean Energy Finance Corporation
The Clean Energy Finance Corporation (CEFC) co-finances or co-invests with renewable energy companies in low emissions and energy efficient technologies. 
Advancing Renewables Program The Advancing Renewables Program supports a broad range of projects that have the potential to lower the cost and increase the use of renewable energy technologies in Australia.

Assistance to startups

Venture capital
Venture capital programs work with private venture capital fund managers to provide capital and professional expertise to innovative Australian companies.
Landing Pads Program Provides Australian market-ready start-ups the opportunity to access innovation hubs around the world.
Venture Capital Limited Partnerships (VCLP) Fund managers can raise a new venture capital fund as a Venture Capital Limited Partnership (VCLP). VCLPs can operate in Australia or a foreign country and receive flow-through taxation treatment. Partnerships may also request conditional registration.
Early Stage Venture Capital Limited Partnerships (ESVCLP) Fund managers planning to raise an early stage venture capital fund can apply to register the partnership as an Early Stage Venture Capital Limited Partnership (ESVCLP). To achieve full registration, the partnership must have committed capital of between $10 million and $200 million. Partnerships may also request conditional registration.

Contact the Investment Attraction Team