All Types of Government Funding

A grant is money provided by government that does not need to be repaid. It is given for a specific purpose and carries conditions on how it must be spent, reported on, and accounted for.

A rebate reimburses you for part of a purchase or investment you've already made. Unlike a grant, you spend your own money first, then claim back a portion from the government.

A concessional loan is a below-market interest loan provided by a government body or government-backed lender. It must be repaid, but at more favourable terms than commercial lending — lower interest rates, longer terms, or more flexible conditions.

A voucher provides access to subsidised professional services. Instead of cash, you receive credits that can be redeemed with approved service providers — typically for advisory, consulting, training, or specialist services.

A subsidy is an ongoing government payment that reduces the cost of a business activity — most commonly wage subsidies that partially offset the cost of employing certain workers. Unlike a grant, subsidies are often paid in instalments over time.