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Unlocking Potential of Territory Small Businesses

Office of the Chief Minister

Now in its fourth year, the Business Acceleration Program (BAP) is back, bigger and better than ever, with an expanded program and additional placements now available for Territory businesses.

BAP is a Territory Government initiative and helps high-growth small to medium enterprises in the Territory to unlock their potential.

The innovative program provides business owners, chief executive officers and managing directors with the knowledge and skills they need to develop as leaders, accelerate company growth and compete in a global marketplace.

Graduates of the BAP in the NT reported strong growth in the 2019-20 financial year despite the impacts of COVID-19 reporting:

  • 9% increase in revenue
  • 61% increase in profit
  • 8% jobs growth.

The program consists of three parts:

  • Assessment Clinics: a full day workshop designed for business owners, CEOs and Managing Directors who are ready to grow their businesses, become better leaders, and expand their markets.
  • Growth Ramps: a targeted 6-month program designed for business owners, CEOs and managing directors who are looking to move to the next level, hire more people and grow their organisations.
  • Growth Modules: the 9-month program provides an opportunity for you and your executive team to build the skills your company needs to achieve sustainable and continuous growth.

The program is delivered by the Australian Centre for Business Growth in partnership with the Chamber of Commerce NT and the Darwin Innovation Hub.

The next round of assessment clinics will begin 12 July with placements available until September 2021.

To find out more about the Business Acceleration Program or apply visit: https://centreforbusinessgrowth.com/sponsors/nt-government/  

 

Quotes from the Minister for Small Business, Paul Kirby

“By investing in the Business Acceleration Program (BAP), we are investing in our resilient and strong business community in the Territory and the future growth of our industry.”

“We want to help our small businesses grow, prosper and develop – and we know graduates of the Business Acceleration Program have reported strong jobs growth, and an increase in revenue and profit.”

Quotes from CEO of the Chamber of Commerce NT, Greg Ireland

“At the Chamber of Commerce, we are excited to sponsor these fully subsidised business growth opportunities for NT companies, as part of the Northern Territory Government’s Business Acceleration Program. These growth programs support companies to develop scale, increase revenue, hire more people and make more profits therefore strengthening the Northern Territory economy.

“This is achieved through teaching business owners, CEOs and Managing Directors what to do, when to do it and why, enabling them to unlock their potential.”

Quotes from the Director of Tangibilis Physiotherapy, Marcus Mancer

"For our physiotherapy business the UniSA BAP program revolutionised our thinking and most importantly our plan for future growth. The immediate short-term results have been nothing short of remarkable. We feel far better prepared for creating opportunities and facing challenges with the knowledge and experience we have drawn from Jana and her team."

“Thank you greatly to the NT Government for subsiding this program. It's a must-do for any small business looking to improve themselves and their services.”

 

Media Contact - Alex Cannon 0407 239 967