The Australian federal government has unveiled its 2024-25 budget with key aims that directly impact businesses, especially small and medium-sized enterprises (SMEs). The budget focuses on:
- Easing Cost-of-Living Pressures: Introducing significant energy bill relief and increasing Commonwealth Rent Assistance to support both households and businesses.
- Building More Homes for Australians: Allocating funds to construct more affordable housing, which can benefit SMEs in the construction and related sectors.
- Investing in a Future Made in Australia: Promoting local industries and innovation, creating new opportunities for SMEs to thrive in a competitive market.
- Strengthening Medicare and the Economy: Enhancing healthcare and economic stability, ensuring a healthier workforce and a more predictable business environment.
- Broadening Opportunity and Advancing Equality: Implementing measures to ensure equal opportunities for all, fostering a fair and inclusive economy.
For a comprehensive analysis of the federal budget through the lens of grants and funding opportunities, download Sprout’s budget report. Our report synthesises the key aspects of the budget, providing insights that may help you plan for the new measures for growth and success.
Download Sprout’s Free Federal Budget Report Here
Explore the opportunities for funding and support tailored for SMEs. Stay ahead of the curve and make informed decisions with Sprout's expert analysis. As always, we will keep an ear to the ground for any and all grants and tender opportunities that come from the federal budget. If you’d like to make sure your business is across these as well, consider signing up for our grant and/or tender concierge service, where we provide you with a carefully curated list of opportunities bi-weekly, ensuring you don’t miss out.