Small businesses go green

Tuesday, 29 May, 2007

Small business will be helped to go green with an initiative that was unveiled last week by Small Business Minister Fran Bailey.

Funding of more than $8 million is available for training providers to assist small business with its environmental efforts. For example, funding is available for training to help small business with recycling and energy efficiency initiatives.

"Going green is good for small business. Not only can small business achieve substantial cost savings, they can also do the right thing by the environment," Bailey said.

"I encourage training providers to apply for funding. If we can get good applications, we can help more small businesses to go green. We can also open up new sales opportunities for small business in the booming field of environmental management and services."

The funding is available under the Australian government's Building Entrepreneurship in Small Business program. The program provides funding from $100,000 to $300,000 to service providers in the areas of skills development with emphasis on themes and succession planning.

Apart from environmental best practice, a second theme will be financial management, which will help small business hone their financial skills and improve their access to capital.

"Improved financial skills is a must for many small business operators. With better skills, small businesses can improve their cash flow and bottom line. Small business operators will also find it easier to access start-up or expansion capital from banks or financial institutions," Bailey said.

The closing date for applications is Monday 2 July 2007.

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