New grant: funding for large infrastructure projects
The Regional Growth Fund has just opened and is seeking projects of $20M+ which support long term economic growth and creates jobs in regional and remote areas.
The Fund will provide grants of $10 million or more for major transformational projects which support long-term economic growth and create jobs in regions undergoing structural adjustment. Matching funding is required.
Projects must be located in Australia and in an eligible area or, if your project is located in an excluded area, you must clearly demonstrate how economic benefits flow directly into an eligible area. A mapping tool is available to assist applicants determine the project or benefit location.
Selection of projects will be undertaken in two stages. Stage One requires submission of an Initial Application for competitive assessment. Stage Two is for the submission of a Full Business Case. Only successful applications to the Initial Application will be invited to submit a Full Business Case.
To be competitive you must score highly against three criteria:
- Create Jobs
- Drive Economic Growth
- Build Stronger Regional Communities.
Initial applications close 27 April.
Need help putting together an application? Call us now to discuss your needs.
More information can be downloaded on the Department’s website.