Latest Updates - Government Grants and Small Business Grants in Australia
Business Funding WA
There is no better time than now to seek funding to develop, or broaden, a small business in Western Australia. With just over 2 million people, the WA government is looking to expand the economy by providing accessible grants to thousands of business owners throughout the state.
Options for Business Funding WA:
WA Small Business Growth
There are approximately 2 million small businesses throughout Australia with 211,000 in WA. Around 80% of the market for WA businesses is local, another 40% remains in the state, 20% is exported to outside the state, but within Australia and only 7% of small businesses in WA export to other countries. These numbers are expected to rise over the next 5 years through the help of WA small business grants.
Encouraging Entrepreneurs to Get Involved
Through these statistics provided by the government, it is evident that much of the economy depends on small businesses. However, setting up a business is a costly procedure. It also requires time and expertise, 2 things that many working class citizens do not have. This is where WA grants can be extremely beneficial. Aspiring entrepreneurs have the opportunity to apply for funding which can provide a monthly salary to individuals establishing a business. Moreover, government grants in WA are available to educate future entrepreneurs on how to develop a business plan, as well as, how to manage the business once it is up and running.
WA Government Grants for Current Businesses
Existing small businesses also have immense opportunities for government funding. As noted above, a very small percentage of products and/or services leave Western Australia. Through the government grants, small businesses will have an ideal opportunity to expand their customer market to both the Australian and global market. Even more so, current operating companies with little, or no, budget to replace old technology and equipment, or move into larger premises, may seek funding.
Success Story: ‘Constructing’ a Training Program
In 2004, Jon Skerratt of WA founded Silver Trowel Trade Training. The company provides accredited programs to individuals looking to learn a variety of construction skills. However, he was not only seeking Australians to attend the programs, but rather a worldwide market. He knew this would take a lot of paperwork, time and most importantly, money. Mr. Skerratt reached out to the WA government and applied for grants which were awarded to him. He states that with the upwards of $85,000, he was able to develop his website and market it on the web and in printed media. He now trains over 150 international students from all around the globe.
Are you ready to have a success story of your own? Get started by discovering WA grants suitable for your business needs.
Call us on 1300-362-755
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