REGIONAL small businesses have been given a lifeline after the devastating affect coronavirus has had on Australia's economy.

The State Government has extended its Small Business COVID-19 Adaption Grants program, with up to $100 million made available for a second round of grants.

Half of this funding is specifically earmarked for regional small businesses located outside of southeast Queensland.

Funding for round two will open on July 1 2020, with small businesses businesses urged to visit here to assess their eligibility.

Grants of up to $10,000 are available to pay for a range of activities such as financial, legal or other professional advice, operational costs, strategic planning, marketing, digital strategy development, digital equipment, and more.

Small businesses interested in applying should prepare relevant documents in advance and review the criteria for the grants.

The State Government anticipates a high level of interest for round two, with applicants encouraged to lodge an application when it opens on July 1.

It will be a first come, first served basis, and will close as soon as funds are anticipated to be exhausted.

For more information about the program and application process, phone 1300 654 687 or email adapt@desbt.qld.gov.au