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AgriGrowth Loan Scheme TAS
Australian Government · Australia
The AgriGrowth Loan Scheme provides low interest loans to Tasmanian farm businesses, young farmers and agri-food businesses when normal banking arrangements are not available. It supports projects aligned with Tasmania's Agrivision 2050 plan.
Funding
$100K – $3M
Deadline
Rolling / Ongoing
Duration
usually 5 years
Location
Tasmania
Who Can Apply
• Must be a Tasmanian farm business, young farmer or agri-food business
• Must operate as a sole trader, trust, partnership or private company
• Must show a clear need for the loan
• Must include a minimum 3-year business plan that satisfies the department
• Must show ongoing financial viability with the loan application and business plan
• Must show the venture will make a profit within the agreed loan period
• Must have an Australian business number (ABN)
• Must be registered for goods and services tax (GST)
• Farm businesses must have at least 1 member who generally contributes at least 50% of their labour to the farm business
• Farm businesses must have at least 1 member who generally derives at least 50% of their income from the farm business during the loan term
• Young farmers will generally be no more than 45 years old
• Young farmers should preferably not previously have been principal of a farm business and/or owned land for that purpose
• Young farmers must have suitable farming experience and be involved in the day-to-day operation of the farm
Applicants must be a Tasmanian farm business, young farmer or agri-food business. They must operate as a sole trader, trust, partnership or private company, show a clear need for the loan, include a minimum 3-year business plan that satisfies the department, demonstrate ongoing financial viability, show the venture will make a profit within the agreed loan period, and have an active ABN and GST registration. Farm businesses must have at least one member who is a farmer contributing at least 50% of their labour and deriving at least 50% of their income from the farm business during the loan term. Young farmers will generally be no more than 45 years old, preferably not previously have been principal of a farm business and/or owned land for that purpose, and have suitable farming experience with day-to-day involvement in farm operations.
What's Funded
Low interest loans for farm and agri-food business projects, including business growth, farm business development, and ventures that support the agriculture and agri-food sectors in Tasmania.Expected Outcomes
Projects should demonstrate financial viability, include a 3-year business plan, and show the venture will make a profit within the agreed loan period while advancing Tasmania's agriculture and agri-food sectors.Key Information
Applicant Types
sole_tradertrustpartnershipcompany
Stage
growthestablished
Funding Purposes
othercapital_expenditurecommercialisation
Keywords
agricultureagribusinessfarm businessyoung farmerslow interest loansTasmaniaagri-foodbusiness finance
Frequently Asked Questions
1
What is the AgriGrowth Loan Scheme TAS?
The AgriGrowth Loan Scheme TAS is a business grant offered by Australian Government in Australia, providing $100K – $3M in funding. The AgriGrowth Loan Scheme provides low interest loans to Tasmanian farm businesses, young farmers and agri-food businesses when normal banking arrangements are not available. It supports projects aligned with Tasmania's Agrivision 2050 plan.
2
How much funding does the AgriGrowth Loan Scheme TAS provide?
The AgriGrowth Loan Scheme TAS provides $100K – $3M in funding. The typical project duration is usually 5 years.
3
Who is eligible for the AgriGrowth Loan Scheme TAS?
- Must be a Tasmanian farm business, young farmer or agri-food business
- Must operate as a sole trader, trust, partnership or private company
- Must show a clear need for the loan
- Must include a minimum 3-year business plan that satisfies the department
- Must show ongoing financial viability with the loan application and business plan
- Must show the venture will make a profit within the agreed loan period
- Must have an Australian business number (ABN)
- Must be registered for goods and services tax (GST)
- Farm businesses must have at least 1 member who generally contributes at least 50% of their labour to the farm business
- Farm businesses must have at least 1 member who generally derives at least 50% of their income from the farm business during the loan term
- Young farmers will generally be no more than 45 years old
- Young farmers should preferably not previously have been principal of a farm business and/or owned land for that purpose
- Young farmers must have suitable farming experience and be involved in the day-to-day operation of the farm
4
What activities are funded?
Low interest loans for farm and agri-food business projects, including business growth, farm business development, and ventures that support the agriculture and agri-food sectors in Tasmania.
5
How do I apply for the AgriGrowth Loan Scheme TAS?
Start by checking your eligibility using the free Beta Docs eligibility checker. If eligible, Beta Docs' AI-powered platform can help you draft, review, and refine your application to maximise your chances of success.
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