Ready for
Growth Program

Is your business ready for growth ?

A Victorian Government initiative designed to assist 1000 high growth potential businesses accelerate their growth, access new markets and create jobs has been launched.

Check the link to see if your business qualifies.

Overview of Ready for Growth 

Following Ready for Growth’s successful program pilot launched in April 2022, the program is now open for Expressions of Interest (EOIs).

Ready for Growth will be open for EOIs until 1 June 2024 or when fully subscribed.

Ready for Growth is modelled on international high growth potential programs and will provide needs-based, tailored support to participating businesses to help them to define the business goals they need to achieve their maximum growth potential.

There are no out-of-pocket expenses to participate in Ready for Growth, however participating businesses will be required to commit a minimum of 7 to 14 hours over the course of several months to work with an expert Growth Facilitator to realise their growth goals.

Ready for Growth will help businesses to:

• develop a Growth Action Plan
• build capabilities for growth
• find grants and programs across Victorian and Federal Governments and industry groups to support growth
• improve connections to networks and ecosystems
• connect to peers through the Ready for Growth Alumni Network.

Business Victoria has engaged with BDO Australia to deliver expert facilitation services to support Ready for Growth participants.

Submissions of Expression of Interest

To submit an EOI, businesses must meet the Requirements for Participation of the program, that is:

• be a legally structured business in Victoria
• have an Australian Business Number (ABN)
• have been in operation for at least three years
• have more than four employees and fewer than 200 employees
• have an annual revenue of less than $20 million
• meet all industrial relations obligations as an employer in accordance with the National Employment Standards.

Please refer to the Participant Guidelines and to the Ready for Growth webpage for more information and link to the EOI registration.