Small Business Grants Inject Millions into Economy

NT Government

More than $6 million has been generated into the Territory economy thanks to the Territory Labor Government’s Small Business Pivot Grant and Small Business CX Grant.

To date, over $2.2 million in funding has been paid out and more than 290 vouchers have been issued to Territory businesses to enhance their products and services.

The schemes were introduced in the Jobs First Plan as part of Budget 2020.

The grants have helped local businesses adapt and improve their capabilities during the COVID-19 pandemic, which has helped keep the economy ticking over.

The initiatives have also generated millions of dollars of work for the construction industry.

The Small Business Pivot Grant focused on building and supporting businesses with improving their digital capabilities, and using technology to improve their presence and profitability.

Grants of up to $10,000 were available to businesses, on a 50:50 co-contribution basis.

The Small Business CX Grant was designed to enhance customer experience and address front of house improvements for customers.

Grants of up to $20,000 were available to businesses, on a 50:50 co-contribution basis.

Quotes from Chief Minister, Michael Gunner:

“These grants are giving operators a leg up to reach their next business goal, and we will continue to support them as we know how important small business is for our economy, and for the comeback capital.

“We want more businesses to have the opportunity and capability to expand, to reach new markets and create more jobs for Territorians.

“The construction and digital industries are also benefiting from these grants, with millions of dollars of works in the pipeline.”

Quotes from Small Business Minister, Paul Kirby:

“We acted quickly to save lives and save jobs – now we’re helping Territory businesses adapt to the new economy.

“This funding is helping small businesses adopt the new technology they need to grow and create more jobs for Territorians.”

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