On 16 June 2020, the Queensland Premier announced the second phase of its economic recovery strategy (on top of the $6 billion already in support packages) for small business, tradies, farmers, first home buyers, seniors, cabbies, tourism and arts and music.  Below is a summary of the announcement and what is available for Queensland businesses.

Small Business COVID-19 Adaption Grant Program – Round 2 opening 1 July 2020

The Queensland Government is extending this program as Part 2 of the Queensland Economic Recovery Strategy. Up to $100 million is being made available to deliver a second round of grants with half of this funding earmarked for regional small businesses located outside South East Queensland.

To be eligible, your business must:

  • have been subject to closure or otherwise highly impacted by current shutdown restrictions announced by Queensland’s Chief Health Officer on 23 March 2020
  • demonstrate you have experienced a minimum 30% decline since 23 March 2020, over a minimum 1-month period due to the onset and management of COVID-19
  • employ staff and have fewer than 20 employees at the time of applying for the grant (employees must be on your payroll and does not include the business owners)
  • have a valid ABN active as at 23 March 2020
  • be registered for GST
  • have a Queensland headquarters
  • have an annual turnover over $75,000 for the 2018-19 or 2019-20 financial year, or can provide financial records that show this will be met for recently started small businesses
  • have a payroll less than $1.3 million
  • not be insolvent or have owners or directors that are an undischarged bankrupt

More information can be found here https://www.business.qld.gov.au/starting-business/advice-support/grants/adaption

Next phase of economic recovery

In summary:


  • $5.5 million to use new technologies to improve biosecurity and food safety


  • $15 million to airline route support
  • $8.93 million for a works and jobs boost to provide visitor infrastructure upgrades for National parks


  • Commitment to the $15,000 first home owners grant for Queensland first home buyers purchasing a new home valued at less than $750,000
  • additional $5,000 grant for building a new home in a regional location
  • further $100 million Housing Construction Works for Tradies program for new social housing
  • South-East Queensland Councils will receive an additional $50 million for a Unite and Recover Community Stimulus Program
  • a Seniors Accessibility and Renovation Assistance boost to Home Assist to be provided to approximately 2,000 seniors and those people with a disability will receive additional subsidies of up to $5,000 to help them stay in their own homes

Resources and energy

  • $10 million to promote exploration activity for new economy minerals (such as vanadium) for emerging technologies under the Collaborative Exploration Initiative
  • $650,000 to develop small businesses in the mining equipment, technology and services sector across the State, including Gladstone and Rockhampton.
  • $17 million in a State-of-the-Art Renewable Energy Training Facility in Brisbane

Arts and culture

  • $22.5 million to support the recovery of this sector including $11.3 million to offset revenue losses in music and performing arts venues

Small business

  • $100 million Small Business Adaptation Grant (as outlined above)

More information can be found here https://www.covid19.qld.gov.au/government-actions/our-economic-recovery-strategy#_stage-two