R&D Cash Flow Loans
Victoria is home to the best and brightest in research and development, and their work is making a difference to lives all over the world.
The Victorian Budget 2020-21 provides up to $50 million in low-interest loans to innovative Victorian small-medium enterprises (SMEs) so they can continue this great work.
The R&D Cash Flow Loans will support innovative Victorian SMEs in developing the products, services and technologies vital to Victoria’s future economy.
Victorian small-medium enterprises that currently qualify for the Commonwealth’s R&D Tax Incentive will be eligible to apply for these loans.
This initiative ensures SMEs can continue to invest in research and development to keep their businesses competitive; employing more researchers and innovators, conducting trials and experiments and purchasing assets and equipment critical to R&D work programs.
It also seeks to support and grow Victoria’s innovation ecosystem and recognises the importance of investments in research and development to the future growth and sustainability of the Victorian economy.