Supporting jobs and the economy

Business / not-for-profit

If you are a Northern Territory (NT) business, including sole-traders, you can access the following support.

Small Business Saver Grant

The $5 million Small Business Saver Grant will assist local small businesses to reduce their ongoing costs.

Terms and conditions available January 2021. Applications open 15 February 2021.

Small Business Supply Chain Solver

The $2 million Small Business Supply Chain Solver program will assist businesses experiencing difficulties with supply chain challenges.

Through the new program, businesses will be able to work with a small business champion to explore options for solutions to supply chain issues.

Terms and conditions available January 2021. Applications open 15 February 2021.

Small Business Financial Fitness Fund

The $2 million Small Business Financial Fitness Fund will support businesses to access financial sustainability training programs specific to their needs.

This program will help businesses build a greater understanding of their financial position and develop strategies to improve sustainability.

Applications are now open.

Not-for-Profit Tourism Attraction Survival Payment

The $500,000 Not-for-Profit Tourism Attraction Survival Payment has been established to support not-for-profit tourist attractions such as non-government museums and historical sites. The payment will support those organisations significantly impacted by COVID-19, and are able to demonstrate a reduction in turnover.

Applications are now open.

Small Business Survival Payment

The $500,000 Small Business Survival Payment provides businesses significantly impacted by the coronavirus with funding to help them survive, adapt and prepare for the economic rebound.

Applications are now open.

Business Hardship Package

The Business Hardship Package is an initiative to help businesses that have experienced significant hardship as a result of the coronavirus (COVID-19) pandemic.

Territory businesses can apply to be listed on a central business hardship register.

This registration will enable businesses to apply to receive some financial relief from charges by government, local councils and some utility providers.

Applications are now open.

Business Rebound and Adaptation Grant

The Business Rebound and Adaptation Grant is a program designed to help Territory businesses build their capacity and adapt to the coronavirus (COVID-19) economic environment.

The grant has now closed for new applications.

If you are looking to make improvements to your business premises, undertake future skilling of your staff or purchase new technology and equipment to assist with accessing new markets please consider applying for the Small Business Pivot Grant which is now open.

Immediate Work Grant

The $10 million Immediate Work Grant program is available to incorporated not-for-profit and community organisation applicants who missed out on the first round will have the chance to reapply or re-enliven their original application.

Applications are now closed.

Additional support

Northern Territory Government support

Find out what other support is available for Territory businesses, go to the Grants directory on the Northern Territory Government website.

Australian Government support

Boosting Apprenticeships Commencement Wage Subsidy

The $1.2 billion Boosting Apprenticeship Commencements wage subsidy will support businesses and Group Training Organisations to take on new apprentices and trainees, to build a pipeline of skilled workers to support sustained economic recovery.

Find out more on the Australian Government's Department of Education, Skills and Employment website.

JobMaker Hiring Credit

The $4 billion JobMaker Hiring Credit will provide businesses with an incentive to take on additional employees aged between 16 and 35 years old. Around 450,000 positions for young Australians will be supported through the JobMaker Hiring Credit.

Find out more on the Australian Government's Budget 2020-21 website.

Local Jobs Program

The Local Jobs Program brings together expertise, resources and access to funding at the local level to focus on reskilling, upskilling and employment pathways for people in each region.

Read more on the Local Jobs Program on the Australian Government's Department of Education, Skills and Employment website.

Lower taxes

The Australian Government is lowering taxes by over $50 billion over the forward estimates, including around $9 billion in 2020-21 and an additional $32 billion in 2021-22. These include:

  • Temporary full expensing to support investment and jobs (instant asset writeoff) - tax benefit
  • Temporary loss carry-back to support cash flow - tax benefit
  • Fringe benefit tax exemption for employers that provided retraining activities and redeploy their workers to new roles within the business - tax benefit
  • Expansion of business tax concessions by increasing the turnover threshold from $10 million to $50 million - tax benefit
  • R&D tax incentive - for small companies (turnover less than $20 million) the R&D offset will increase to 18.5%; for larger companies, the intensity test will streamline from four to two tiers - tax benefit.

Read more about lowered taxes on the Australian Government's Budget 2020-21 website.