Regional Growth Fund is now open for initial applications
Program will provide grants for major projects valued over $20 million
Initial Applications close on 27 April 2018
The Coalition Government’s highly anticipated Regional Growth Fund is officially open for applications on projects that could shape the future of the region.
Member for Canning Andrew Hastie said the $272 million Regional Growth Fund would support major projects in regional Australia that delivered long-term economic benefits.
“The Regional Growth Fund will support additional investment for projects with the potential to develop the local economy, including from the private sector, other levels of government, and not-for-profit organisations.
We want to support regional communities and harness their natural economic strengths,” name said.
“Initial applications close on 27 April 2018 and I encourage eligible organisations in the Peel region to apply.”
Minister for Regional Development, Territories and Local Government John McVeigh said the Coalition Government would invest a minimum of $10 million toward each successful infrastructure project, representing a maximum of 50 per cent of project costs.
“The Regional Growth Fund will be a game-changer across Australia by unlocking government funding for projects that have the capacity to transform regional areas,” Dr McVeigh said.
“Successful projects will provide greater support for existing industries such as agriculture, tourism and manufacturing, allowing them to innovate and flourish."
“I look forward to working together with local organisations to deliver more jobs and more opportunities across regional Australia.”
For more information on the program, including the application process, visit www.grants.gov.au