9 March 2017
A new Regional Growth Fund designed to support major projects over $20 million that take advantage of the region’s natural economic strengths has been launched.
Federal Member for Lyne Dr David Gillespie said the new $272-million programme was now open for applications.
“This programme is all about seeking big ideas from the community that can help shape the future of the regions. The Regional Growth Fund will support additional investment for sustainable economic growth, including from the private sector, other levels of government, and not-for-profit organisations,” Dr Gillespie said
“This is another important programme that seeks to invest in regional Australia, supporting major projects that deliver long-term economic benefits.”
“Initial applications close on 27 April 2018 and I encourage everyone eligible in our community to look at the program guidelines and get started on an application.”
The Federal Coalition Government will invest a minimum of $10 million toward each successful infrastructure project, representing a maximum of 50 per cent of project costs.
Successful projects will provide greater support for existing industries such as agriculture, tourism and manufacturing, allowing them to innovate and flourish.
The Regional Growth Fund is an open invitation to everyone eligible who believes in regional and remote Australia to partner with the Coalition Government to support positive change for the future.
For more information on the program, including the application process, visit www.grants.gov.au.