Regional Growth Fund
The Australian Governments $272.2 million Regional Growth Fund (RGF) closed for Initial Applications on 27 April 2018. Successful projects must be fully acquitted by 30 June 2022.
Selection of projects will be undertaken in two stages. Stage one is an Initial Application, which is competitive and will confirm application and project eligibility, and provide evidence of how the project addresses the merit criteria. Stage Two is the submission of a Full Business Case. Only successful applicants at the end of Stage One will be invited to submit a Full Business Case.
The minimum funding available under RGF is $10 million with a requirement for matching funding. The fund is open to state and territory governments, local governments, the private sector and not-for-profit organisations for projects that are located in, or significantly benefit regional Australia. Projects may include a number of strategically linked projects, which together form a package of works that will unlock opportunity and potential in regional communities to deliver long term jobs and drive economic growth. This will allow the combining of projects that cross over Regional Development Australian (RDA) boundaries.
Programme Guidelines are available at http://regional.gov.au/regional/programs/regional-growth-fund.aspx
Building Better Regions Fund
About the Programme
The Building Better Regions Fund (BBRF) will create jobs, drive economic growth and support strong regional communities across Australia by funding infrastructure and community investment projects.
$641.6 million is available through this program and will fund projects in regional Australia outside the major cities of Sydney, Melbourne, Brisbane, Perth, Adelaide and Canberra.
The Australian Government has announced $200 million for Round Three of the BBRF. The fund will help regions unlock their tourism potential. A key priority for the BBRF will be to help stimulate local economies by investing in the tourism sector through tourism-related infrastructure projects. Round 3 of the BBRF opened for applications 27 September 2018 and closes 1700 AEDT, 15 November 2018.
The BBRF is a competitive, merit based grant program with two streams:
- The Infrastructure Projects Stream supports projects which involve construction of new infrastructure, or the upgrade or extension of existing infrastructure, or the upgrade or extension of existing infrastructure that provides economic and social benefits to regional and remote areas.
- The Community Investments Stream provides organisations with grants of between $5,000 to $10 million to new or expanded local events, strategic regional plans, and leadership and capability strengthening activities that provide economic and social benefits to regional and remote areas.
Regional tourism and local jobs are front and centre of the latest round of the BBRF. Regional Australia is set to share in $200 million for local infrastructure and community-building projects, with up to $45 million of this funding earmarked to support tourism related infrastructure projects.
We would encourage all potential applicants to visit the business.gov.au BBRF website to assist in determining the elegibility of their project. Please contact the RDA Great Southern office for assistance with your application. The Business Grants Hub can be contacted on 13 28 46.
The successful applications for the Infrastructure Project Stream was announced on 4 August 2017. The full list of Infrastructure Project Stream applications is available to download.
Successful projects from the Community Investments Stream was announced on 22 September 2017. The list of successful Community Investments Stream funding offers is now available.
The successful applications for the Infrastructure Project Stream were announced on 9 July 2018 and a full list can be downloaded Here.
The Community Investments Stream was announced on 4 July 2018 and a list of successful applicants can be viewed Here.
Developing Funding Proposals - A Guidance Manual for Practitioners
The WA RDA Network has engaged AEC Group Pty Ltd to develop a Guidance Manual to support the BBRF Round One. Download a copy HERE
You are encouraged to seek the support of your RDA Committee for your project. Your RDA Committee can:
- assist you to identify and develop a strong project proposal that will contribute to long term economic growth and is a priority within your region; and
- work with you to prepare a competitive application, supporting documents and evidence.
Our Executive Officer, Simon Lyas is available to contribute to discussions around potential projects. firstname.lastname@example.org