Matching grants from $50,000 to $2.5 million are available to Queensland based SMEs to reimburse a business up to 50% of the cost of implementing recommendations in the Benchmarking Report (or equivalent) and associated Action Plan. Benchmarking is a facilitated process which enables businesses to measure their performance against international best practice and identify business improvement measures to grow and innovate. The outcome of the benchmarking process is a Benchmarking Report which identifies a range of matters that need to be addressed in order to improve their businesses.
The project must be directly related to a recommendation of the Benchmark Report (or equivalent) and associated Action Plan undertaken by the business and focus on implementing business capability improvement opportunities identified in the report to boost productivity and international competitiveness and either retain and/or develop jobs and growth.
Areas funded include:
- human resource management
- internal systems
- production and operational systems
- marketing, branding and communication
- financial management systems
- exploring new markets and market intelligence
- environmental sustainability
- new specialised equipment.
Applications may be made at any time up to 12 months after receipt of the Benchmarking Report.
Benchmark reports can be prepared by Consultants like QMI Solutions 1300 364 739