Support for fast-growth SMEs
Jobs for NSW is supporting businesses to scale up and become fast-growth small to medium enterprises to generate new jobs and grow the economy.
We’re providing two kinds of early-stage financial support for high-potential SMEs:
- Accelerating Growth Loans to provide direct finance for SMEs to speed their development
- Gazelle Loan Guarantees to help fast-growth SMEs obtain the loan approvals needed to expand and accelerate growth.
Financial support for fast growing small-to-medium enterprises
Fast-growth small to medium enterprises (SMEs) that have strong year-on-year revenue growth are the powerhouses of the NSW economy.
These businesses, otherwise known as ‘Gazelles’, make up a mere 6% of NSW businesses, and yet they’ve created over one million new jobs in the past six years. We want to help more businesses become gazelles.
While many new businesses start up each year in NSW, relatively few scale up to become key economic players. This is why we’re creating an ecosystem in which high-potential SMEs can get the support and funding they need to reach their potential and create more jobs for the people of NSW.