While not generally publicised, the Federal Government have
re-launched the closed Enterprise Connect grant under the new
heading of "Entrepreneurs Infrastructure Program".
The grant funds up to $20K, on a dollar for dollar basis, for
eligible businesses to conduct business improvement projects.
Our clients have benefitted from the grant and it has helped
them fund many projects and improve their return on investment. In
many cases it has fast tracked some of those strategic decisions
you externally helped facilitate.
In our recent meetings with many companies we are finding that
awareness of the grant is low. In our discussions many business
owners have found that the grant can help them work on the business
rather than in it. The value of the evaluation alone elevates
thinking to a strategic level and being totally free of charge,
there is very little in terms of down side with this grant. To make
it even easier – it only takes about 2 – 3 hours of
Am I eligible?
If you are –
A company or trust with corporate trustee;
Have been in operation for 3 years or more;
Turnover between $1.5 and $100 million dollars; and
Are in an eligible industry
Then you may well be.
Eligible industries include –
Freight and logistics
Along with some service such as design, engineering and IT
What does it pay for?
Funding is available for approved projects as suggested under a
FREE business evaluation which is conducted by a Federal Government
appointed business advisor. Some of the projects our clients have
benefitted from include:
Undertaking a strategic review of the business to identify
items including organizational structure and tax
Advising on opportunities for R&D tax claims including
quantifying the claim and documentation required
Modeling the impact of an expansion, acquisition and/or
divestment on entity value, financial outcomes and cash flow
Using an external advisor to conduct business performance
tracking over a period of time and supplement the in house finance
Developing tax cash flow including planning for dividends and
Conducting a self-due diligence on the business to determine
entity value to provide a "point in the sand" for
possible trade sale
Attending to corporatisation of management meetings and
required family agreements
Review of information technology spend and conducting a scoping
of new systems
Preparation of 3 way cash flow and budgets for management to
use moving forward and for banking purposes
Benchmarking the organisation to external industry
Conducting a review of expenditure and structures for R&D
activities including restructuring these
Planning for close down of a business unit including HR and tax
advice on redundancy packages offered and impact on cash flow
Documentation of policies and procedures in specified sections
of the business.
How do I access this $20K?
Just call us. We can take you through the workings of the
program to ensure you maximise the benefit available and when it
will be best utilised,
An actuarial review of the Invensys Australia Superannuation Fund showed it to be in surplus to the tune of $189.2 million. In mid 2003, the Invensys Group proposed to the trustee that the surplus be repatriated to the principal employer in the group.
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