Empowering SMEs (Issue 051)
The good news on the equity capital scene for small businesses and medium sized enterprises continues with the Federal Treasurer Josh Frydenberg, confirming that the Federal Government’s election commitment relative to the establishment of the Australian Business Growth Fund official launch is imminent.
This is great news for small businesses and medium sized enterprises because it will make it easier for these enterprises to access equity which will allow these companies to grow and employ more people.
The Government has acknowledged that improved access to equity capital will reduce risks for small businesses and medium sized enterprises because it will reduce reliance on debt funding.
The government anticipates that the Australian Business Growth Fund will approve equity investment in 30 to 50 companies annually.
The targeted companies will have turnovers of between $2 million and $50 million annually.
$520 million will initially be contributed to the Fund by the Government and Banks with a separate Board of Directors and management team being appointed to process all investment applications.
The Fund is expected to launch early in 2020 and therefore if you are interested in making an application for an equity capital investment you will need to ensure that your company has:
Most companies will need assistance from accountants/business advisors who are committed to providing a broad range of commercial advice for their clients.
The launch of the Australian Business Growth Fund supplements the other very significant policy enhancements that the government has made over the last three years to assist small businesses and medium sized enterprises to be able to raise capital direct from the public including:
To enable small businesses and medium sized enterprise directors and officers to obtain a more in-depth knowledge of the Australian Business Growth Fund I would like to invite you to participate in a “Free Webinar” to be presented on Wednesday, 4 December 2019 at 11:30am AEST / 12:30pm AEDT – to register please click here
I would like to invite you to visit our website www.esssmallbusiness.com.au where you can click on to the various “learn more segments” to gain a greater appreciation on the material to assist small businesses and medium sized enterprises (some for a fee, some for free) that is available from ESS Small Business.
If you have any questions, please do not hesitate to contact me:
Have a great day!
COMPLIMENTARY MATERIAL Click on the button below to access the following FREE material:
Episode 051 - Another Source of Equity Capital for SMEs!
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