Federal Regional Growth Fund Open Now
The $272m Regional Growth Fund will provide grants of $10 million or more for major transformational projects, which support long term economic growth and create jobs in re
gional and remote areas.
This is a crucial opportunity to leverage some significant funding into the region for key infrastructure projects.
RDA FNQ&TS is very keen to work with councils, not for profits, the private sector and State Government to develop cross regional projects that will provide significant long-term benefits.
Projects must be for common-use infrastructure or private use infrastructure that will deliver significant and sustainable benefits to the region by creating jobs and flow-on benefits to the economy.
Eligible Projects must have a minimum total project cost of at least $20 million (GST exclusive), with proponents or other contributors required to contribute at least 50 per cent cash funding to the project.
To be eligible, projects will be capital projects involving the construction of new infrastructure, or the upgrade or an extension of existing infrastructure.
Private enterprises, not-for-profits and Local and State governments are all eligible to apply.
Projects will be assessed in two stages. The first stage will consist of an Initial Application to submit
projects for consideration without committing significant resources to developing a Full Business Case.
Initial Applications will be assessed for eligibility and against the following merit criteria:
- create jobs
- drive economic growth
- build stronger regional communities
Initial applications close 27th April.
Successful initial applicants will then have three months from the date of notification to submit a Full Business Case.
Program funding will commence in the 2018-19 financial year and cease on 30 June 2022.
Further information including the Program Guidelines and Frequently Asked Questions is available here.
Please read the Program Guidelines carefully in developing your project application.
Ministerial Media Release available here.