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Regional support

How Jobs for NSW helps regional growth

Regional Jobs Now Portfolio

More than 30% of the Jobs for NSW fund will be invested under the Regional Jobs Now Portfolio to support the growth of businesses and jobs outside of metropolitan Sydney, Newcastle and Wollongong. With our support, NSW will grow new jobs, create new industry clusters and transform regional communities.
To learn more about the initiative read the Regional Jobs Now fact sheet and FAQs

Find out if you are eligible

Products available

MVP

Minimum Viable Product grants

Our Minimum Viable Product (MVP) grants are designed to support promising startups that are not yet generating revenue. They provide up to $25,000 to gather customer feedback and put your business model to the test.

What is a Minimum Viable Product grant?

Minimum Viable Product (MVP) grants are designed to support promising startups with the funds needed to progress from a proof of concept stage to a minimum viable product.

The grants are aimed at startups that are yet to generate revenue to help them engage with a potential business customer, or channel to market, and create innovative solutions that address compelling industry needs or market gaps.

What funding is available?

An MVP grant is a matched funding grant up to 50% of approved project costs, to a maximum of $25,000.

Successful grant applicants will receive 35% of the funding up-front and 65% after completion and validation of the MVP.

Who is eligible?

MVP grants are available across all industry sectors to startups who are primarily focused on the development of a scalable technology solution.

To be eligible for an MVP grant, a startup must:

  • Have a completed proof of concept (e.g. prototype completed)
  • Have an ABN registered in NSW and be based in NSW
  • Be at pre-revenue stage
  • Hold IP or the rights to commercialise
  • Have a potential business customer  or business channel to market
  • Have a scalable solution that can be deployed to multiple customers
  • Demonstrate that 80% of development costs will occur in NSW
  • Demonstrate adequate matched funding has been secured for the project

How do I apply?

MVP grant applications are available online and are open all year round.

You must meet the eligibility requirements listed above in order to apply.

What happens after I apply?

Jobs for NSW endeavours to complete each assessment within four (4) weeks of submission, subject to the volume of applications.

Please note, this is a competitive process and all applications are assessed against the criteria outlined in our MVP grant guidelines. All submissions are subject to a panel review process.

Resources

Need to talk?

Email us at enquiries@jobsfornsw.com.au OR call us on 1300 JOB NSW (1300 562 679)

BP

Building Partnerships grants

Building Partnership grants are available to startups and SMEs that are already generating revenue to fund a consortium project that enables the business to establish key accounts or achieve strategic growth. Funding available: up to $100,000

Building Partnerships grants help revenue generating technology startups become the high-growth, job-creating businesses of tomorrow.

The grants are designed to:

  • complete pilot projects with key customers, providing evidence to accelerate market adoption of the company’s products or services
  • fund new marketing partnerships here in Australia or overseas to develop innovative, new-to-market solutions.

The solution must use an enabling technology to address a compelling industry need or market gap.

‘Enabling technologies’ are new technologies or new uses for existing technologies that enable new products, services, or more efficient processes (e.g. mobile, cloud, analytics, sensors, advanced materials).

Funding available

Applications for the Building Partnerships grants are now open.

Eligible businesses can receive up to 35% of approved project costs up to a maximum of $100,000.

Eligibility

Businesses must have an ABN registered in NSW.

Grants are available across all industry sectors, as long as the business:

  • is primarily focused on the development of technology
  • owns the relevant intellectual property, or the rights to commercialise the technology
  • has a relationship with a potential customer who can give feedback, or with a potential distributor willing to on-sell the technology.

The business must also be either:

  • a resident of a co-working space, incubator or accelerator
  • an established business able to provide recent financial statements to Jobs for NSW.

Before you apply

Interested applicants must go through a preliminary assessment process before being invited to apply for this funding.

Read the Building Partnerships guidelines and fact sheet before you submit a preliminary assessment form.

How to apply

To apply for a Building Partnerships grant, you will need to complete the online Preliminary Assessment Form.

Application process

Once you have submitted the Preliminary Assessment Form, one of our advisors will contact you within 10 business days. They will determine if there is appropriate support that you might apply for or provide advice about other opportunities.

If your advisor invites you to apply for a Building Partnerships grant, we will send you the application form and assist you with the process.

RGL

Regional Growth Loans

Regional Growth Loans provide direct finance to emerging and fast-growth SMEs to accelerate their growth. Who can apply: SMEs with demonstrated revenue of $500,000+ within 12 months to create jobs outside of Sydney, Newcastle and Wollongong.
Support available: interest free loans of $200,000 to $500,000

Regional Growth Loans are direct, interest-free loans for emerging and fast-growth SMEs in regional NSW that are scaling quickly and creating jobs, but face barriers in accessing finance from traditional lenders.

Regional Growth Loans are for businesses who are creating jobs specifically in areas outside of Sydney, Newcastle and Wollongong.

Funding available

Direct loans ranging from $200,000 to $500,000 are available to businesses with no interest payable. Jobs for NSW does not require the loan to be secured by personal assets such as residential property. As part of the standard terms and conditions, Jobs for NSW will place a general security over the current and future assets of the business.

Who is eligible

To apply for a Regional Growth Loan, your business must:

  • have a registered ABN and be an incorporated company
  • have a minimum of 5 employees (full-time, part-time or casual)
  • be creating a minimum of 10 additional FTE within two years outside of metropolitan NSW (Sydney, Newcastle and Wollongong)
  • be able to demonstrate likely revenue of at least $500,000 within 12 months
  • have been trading for a minimum of one year
  • demonstrate future growth for at least one year evidenced by secured pipeline or contracts
  • demonstrate that they have been unable to obtain commercial finance.

Why choose a Regional Growth Loan?

With a Regional Growth Loan:

  • your business has access to funding when traditional lenders are unable to help
  • there is no interest payable for the life of the loan
  • there are no penalties for early repayment
  • there are no establishment fees
  • your business can continue to grow through additional capital.

How to apply

  1. Speak to a financial advisor to assess the suitability of a loan for your business.
  2. Book an initial assessment with one of our Client Engagement Advisors, or complete the initial assessment online. Eligible businesses will be invited to apply for a Regional Growth Loan. To book an assessment email enquiries@jobsfornsw.com.au or call 1300 562 679 to speak to an advisor.

Resources

Talk to us

Email us at enquiries@jobsfornsw.com.au or call us on 1300 JOB NSW (1300 562 679).

SGL

Strategic Growth Loans

Strategic Growth Loans provide direct finance to fast-growth SMEs across NSW to accelerate their growth. Who can apply: SMEs with demonstrated revenue of $1,000,000+ within 12 months. Support available: flexible loans of over $500,000 to $1,200,000

Strategic Growth Loans are flexible, direct loans for emerging and fast-growth SMEs that are scaling quickly and creating jobs, but face barriers in accessing finance from traditional lenders.

Funding available

Direct loans ranging from over $500,000 to $1,200,000 are available to businesses with flexibility in payment terms including the flexibility of multiple advances.

Loans are offered over a term of four (4) years and at an interest rate of 9.2%. Jobs for NSW does not require the loan to be secured by personal assets such as residential property. As part of the standard terms and conditions, Jobs for NSW will place a general security over the current and future assets of the business.

Who is eligible

To apply for a Strategic Growth Loan, your business must:

  • have a registered ABN and be an incorporated company
  • have a minimum of 5 employees (full-time, part-time or casual)
  • be creating a minimum of 20 additional FTE jobs within three years in NSW
  • be able to demonstrate likely revenue of at least $1 million within 12 months
  • have been trading for a minimum of one year
  • be able to demonstrate future growth for at least one year, evidenced by future pipeline or contracts
  • be unable to obtain commercial finance.

Why choose a Strategic Growth Loan?

With a Strategic Growth Loan:

  • your business has access to funding when traditional lenders are unable to help
  • there are no penalties for early repayment
  • there are no establishment fees
  • your business can continue to grow through additional capital.

How to apply

  1. Speak to a financial advisor to assess the suitability of a loan for your business.
  2. Book an initial assessment with one of our Client Engagement Advisors, or complete the initial assessment online. Eligible businesses will be invited to apply for a Strategic Growth Loan. To book an assessment email enquiries@jobsfornsw.com.au or call 1300 562 679 to speak to an advisor.

Resources

Talk to us

Email us at enquiries@jobsfornsw.com.au or call us on 1300 JOB NSW (1300 562 679).

LG

Loan Guarantees

Loan Guarantees are available to help fast-growth SMEs across NSW to obtain the loan approvals needed to expand. Who can apply: SMEs with revenue of $3,000,000+. Support available: loan guarantee of 50% (up to $5 million)

Loan Guarantees are offered in partnership with an Australian authorised financial institution. Jobs for NSW will act as a Guarantor for up to 50% of the loan (up to $5 million of the loan amount), for businesses who are unable to access the full quantum needed to enable business expansion.

Businesses must have revenue of $3 million or more to apply, and can be located in both regional and metropolitan NSW.

Funding available

A Loan Guarantee will be offered under terms and conditions that meet the needs and objectives of the borrower, the partnering financial institution and Jobs for NSW to enable the business to create more jobs.

The terms and conditions of a Jobs for NSW Loan Guarantee are:

  • we will guarantee up to 50% of the amount lent to the business by a financial institution (up to $5 million of the loan amount)
  • the guarantee term is typically two to five years
  • repayment arrangements will be negotiated taking into account the proposed transaction, the financial stability of the business and the purpose of the loan.

Who is eligible

Loan Guarantees are available to fast-growing SMEs creating jobs in NSW that require capital to fund further expansion.

To be eligible for a Loan Guarantee, businesses must:

  • have a registered ABN and be an incorporated company
  • have a minimum of 5 employees (full-time, part-time or casual)
  • be creating a minimum of 30 additional FTE jobs within 3 years in NSW
  • be able to demonstrate revenue of at least $3 million
  • have an inability to access sufficient funds from the Lender to enable the business expansion.

What can a Loan Guarantee be used for?

Financial assistance from a Loan Guarantee may be used to expand operations through:

  • working capital
  • payroll
  • scaling of commercialised research and development
  • expanding production capacity
  • exports and establishing national and international headquarters (if the business headquarters and jobs are created within NSW).

How to apply

  1. Speak to a financial advisor to assess the suitability of a loan for your business.
  2. Book an initial assessment with one of our Client Engagement Advisors, or complete an initial assessment online. Eligible businesses will be invited to apply for a Loan Guarantee. To book an assessment email enquiries@jobsfornsw.com.au or call 1300 562 679 to speak to an advisor.

Resources

Talk to us

Email us at enquiries@jobsfornsw.com.au or call us on 1300 JOB NSW (1300 562 679).

Success stories

Will Barton CEO of Gundagai Meat Processors in factory Businesses like ours need initiatives like Jobs for NSW to enable us to expand our operations, increase our capacity and generate new job opportunities for people living in regional areas. GMP CEO, Will Barton

The growing demand for lamb meat meant Gundagai Meat Processors (GMP) needed to increase its production capacity to service new clients and access export markets. To set the business up for future expansion, GMP secured a Loan Guarantee from Jobs for NSW.

Jobs for NSW provided a financial guarantee of up to $4 million to Commonwealth Bank Australia to support the upgrade and expansion of GMP’s facility.

GMP currently employs 180 workers, most of whom are local Gundagai residents. The Barton family has worked within the meat industry of Gundagai for nearly 100 years, the last 40 of which have been spent operating GMP. This opportunity for growth will allow GMP to create up to 76 new skilled jobs in the processing facility over five years.