- Transitioning support for auto supply chain companies
- Innovation in Australia
- New FBT entertainment cap introduced
- New reporting obligations for multinational companies
- Unlocking super
- The truth behind business failure
- 2015 Distinguished Family Business of the Year
- Melbourne plan refresh: The 2050 metropolitan planning strategy
- Tax alert: GST & remote housing accommodation
- The Federal Government's Tax discussion paper released today
- New fees hurt developers’ bottom line
- Payroll Tax Rebate – Action before 23 November 2015
- New South Wales State Budget 2015-16
- Western Australian Real estate & construction update
- Victoria Real estate & construction update
- South Australia Real estate & construction update
- Queensland Real estate & construction update
- New South Wales Real estate & construction update
- State revenue offices and the ATO information sharing
- Redundant corporate entities?
- Streamlined process for new business applications
- Imported building materials under scrutiny
- Tightened lending rules threaten industry growth
- Any GST hike must be offset
- New PM appoints Minister for Cities
- Reforming Australia’s Federation and Tax System
- A message from our Global Head of Real Estate & Construction
- Adelaide CBD property outlook – Key considerations
- The deadline is looming for the Exploration Development Incentive
- Valuing Employee Share Schemes (ESS) – Impending Tax Changes
- Queensland State Budget 2015-16
- New restrictions on entertainment salary packaging
- NADA conference day three
- NADA conference day two
- Do you have the keys to NADA 2015? Day 1
- South Australian State Budget 2015-16
- 27 Pay Periods in 2015/16
- Corporate simplification and solvent liquidations
- Fringe Benefits – Hidden FBT and deemed dividend issues
- NSW Payroll Tax Rebate
- SuperStream compliance
- Should I maintain my SMSF?
- Art and collectables as alternative investments
- Tax alert: GST ruling published
- Western Australian State Budget 2015-16
- New funding opportunities for Australian food & beverage companies
- Super fund investment choice – What are the options?
- Nominating beneficiaries for your superannuation benefits
- Superannuation consolidation
- Victorian State Budget 2015/16
- Encouraging innovation in Australia’s Life Sciences and Biotechnology industries
- Fraud in focus: Fraud and corruption in Banking and Financial Services
- Tax alert: Refunds of excess GST
- New Employee Share Scheme Bill Introduced
- SuperStream employer webinars
- Staying vigilant against fraud
- Tax Alert: Are you meeting your employment tax obligations?
- Tax alert: No change to R&D tax offset rates
- Act now to be ready for FATCA
- Tax alert: Changes to Employee Share Scheme Tax Laws
Coles Supermarkets Australia Pty Ltd (Coles) has launched an exciting initiative to assist small to medium sized Australian producers, farmers and manufacturers to grow their business.
What funding is available?
The Coles Nurture Fund (CNF) will allocate $50 million over five years in grants and interest-free loans to fund the development of new market-leading products, technologies, systems and processes, to help Australian food and grocery producers, farmers and manufacturers to innovate and grow their business. The maximum single allocation of funds under the CNF is $500,000.
Which companies are eligible?
To be eligible for consideration for the initial allocation of grants or interest free loans from the CNF, applicants must:
- have a turnover that is less than $25 million per annum
- employ no more than 50 full time employees (excluding casual seasonal labour)
- have a registered Australian Business Number; and
- have a business plan
Applicants that have already secured co-investments for their project from other entities will be considered. The application deadline is Friday 12 June 2015.
How does the selection process work?
As this program is a competitive grants program, all applications will be assessed against the relative merit of other applications. The better your application, the better the chances are of a successful outcome.
How can Grant Thornton help?
Grant Thornton’s dedicated Government Grants and Incentives team has extensive experience in coordinating, preparing and submitting high-quality, successful grant applications on our clients’ behalf. The CNF response requirements mirror Government funding processes – with which we are intimately acquainted.
Looking further afield
There are a range of generous industry assistance programs offered by various levels of government in Australia. However many businesses that have a legitimate opportunity to claim government benefits are either unaware of the existence of these programs or do not maximise available returns.
Examples of Commonwealth grants include:
There are also a range of grant programs available at State Government level.
For further information or assistance with preparing a CNF grant application, or other grant opportunities please contact:
Jacky Millership, Associate Director - Operational Advisory, T +61 3 8663 6723, E email@example.com