Please note: this is an archived news article release

This article was published on Tuesday, 27 June, 2017. The information contained within may be out of date or inaccurate. News articles and media releases older than 60 days are archived for future reference.

New Business Grant Program Guidelines Adopted

The grant program will be available in the new financial year and it aims to support the establishment of new businesses in Greater Shepparton and promote investment in the local economy.

The New Business Grant has a budget allocation of $30,000 for the first year with funding of up to $10,000 available for successful applicants. Successful applicants will be required to match the amount requested under the Grant program at a minimum of $1 to $1.

The program outlines the following eligibility criteria for selection:

Businesses must be within the Greater Shepparton boundary.
Applicants must have signed a tenancy agreement within the specified area no more than six months before submitting an application or three months after being issued a grant. The successful applicant will not be issued with funds until after the tenancy agreement is signed.
Owner approval is necessary for an application to be considered for the New Business Grant.
Applicants should submit a business plan covering a minimum of five years.
Applications should generate new employment opportunities.
Works should satisfy the following:

Involve works that improve the aesthetic appeal or functionality of the property for commercial use.
Directly facilitate the establishment of a new business.
Be completed within twelve months of funding being awarded.

Funding will be available to support investment in property or infrastructure improvements that are directly linked to the establishment of a new business. The grant will be reviewed in 12 months in order to monitor new business performance and the Grant’s objectives.

For more information, please contact Council's Economic Development team on 5832 9700.