Business with premises
If you are a Northern Territory (NT) business with premises, you can access the following support.
Small Business Pivot Grant
The $4 million Small Business Pivot Grant will help small businesses affected by COVID-19 adapt to the new economic environment and reach new markets.
The Small Business Pivot Grant is designed to help small businesses drive increased revenue through improved business performance and access to new markets.
Applications are now closed.
Small Business CX Grant
The $5 million Small Business CX Grant is a one-off grant for small businesses looking to enhance their customer experience in the Territory for locals and visitors alike.
Customer experience enhancements should address front of house improvements for customers.
Applications are now closed.
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.
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.
Business Events Grant opportunity
The Business Events Grants helps Australian businesses take part as buyers or sellers at business events.
Events must be pre-approved and held from 1 January to 31 December 2021. These may include:
It aims to ease the financial pressure for event organisers and to encourage businesses to attend business events.
To find out more, go to the Australian Government's Business website.