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Archived Grant Opportunity View - GO1043

Regional Growth Fund

Contact Details

Regional Growth Fund Help Desk

P: 1800 044 938

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GO ID:
GO1043
Agency:
Department of Infrastructure, Regional Development and Cities
Close Date & Time:
27-Apr-2018 5:00 pm (ACT Local Time)
Show close time for other time zones
Internal Reference ID:
GO1
Primary Category:
351002 - Regional Development
Secondary Category:
351001 - Infrastructure
Publish Date:
2-Mar-2018
Location:
ACT, NSW, VIC, SA, WA, QLD, NT, TAS, Administered Territories
Selection Process:
Open Competitive

Description:

The Regional Growth Fund is a $272.2 million investment program to provide grants of $10 million or more for major transformational projects, which support long term economic growth and create jobs in regional and remote areas.

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.

Projects will be assessed in two stages. The first stage will consist of an Initial Application to allow eligible applicants 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:

1.              create jobs

2.              drive economic growth

3.              build stronger regional communities

Following the Initial Application process, successful applicants will be asked to submit a Full Business Case (stage two) allowing for a value with relevant money assessment.

Eligibility:

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. Projects for the upgrade or extension of existing infrastructure will be eligible so long as they provide a demonstrated significant increase in benefit.

Projects will not be funded where construction has begun or where construction contracts are in place at the time of the Full Business Case.

For all eligibility criteria refer to the Program Guidelines. We cannot consider your Initial Application if you do not satisfy all eligibility criteria.

The Program Guidelines (which specify eligibility and merit criteria), Initial Application on-line form and a mapping tool to assist you in determining the location of your project can be found at http://regional.gov.au/regional/programs/regional-growth-fund.aspx

Grant Activity Timeframe:

2 March 2018 – Initial Applications open

5.00 pm AEST 27 April 2018 – Initial Applications close

Successful applicants to the Initial Application, will be 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.

Total Amount Available (AUD):
$272,200,000.00
Estimated Grant Value (AUD):
From $10,000,000.00 to $272,200,000.00
Instructions for Application Submission:
Addenda Available:
Yes

Contact Details

Regional Growth Fund Help Desk

P: 1800 044 938

E:

W:

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