Closed Grant Opportunity View - GO8016
Powering the Regions Fund – Safeguard Transformation Stream Round 2
This grant opportunity was announced in January 2023 as part of Government’s Safeguard Mechanism Reforms to support the Government’s ambition for Australia to become a renewable energy superpower.
The Australian Government has announced a total of $600 million over the life of the program in recognition of the specific challenges faced by trade exposed facilities.
For this second round of the Powering the Regions Fund - Safeguard Transformation Stream approximately $321 million is available from 2025-26 to 2032-33.
The objectives of the grant opportunity are to:
- support trade-exposed facilities covered by the Safeguard Mechanism to reduce their emissions and contribute to meeting Australia’s 2030, 2035 and 2050 emissions reduction targets
- reduce the risk of carbon leakage, which occurs when a business responds to emissions reduction policies by moving emissions-intensive production to a country with less stringent policies
- provide skills development to existing industrial workforce in new equipment or processes that contribute to the reduction of scope 1 emissions.
The intended outcome of this grant opportunity is a reduction of emissions at trade exposed Safeguard facilities consistent with their obligations under the Safeguard Mechanism.
You can apply if you:
- are an owner or operator of a trade-exposed safeguard mechanism facility that is not a new or expanded gas or coal facility
- have an Australian business number (ABN)
And are one of the following entities:
- an entity incorporated in Australia
- company limited by guarantee
- incorporated association.
You can’t apply if you are:
- the owner of a trade-exposed Safeguard facility that is also a new or expanded coal or gas facility
- an organisation, or your project partner is an organisation, included on the National Redress Scheme’s list of Institutions that have not joined or signified their intent to join the Scheme
- an employer of 100 or more employees that has not complied with the Workplace Gender Equality Act (2012).
Find the full eligibility criteria in the grant opportunity guidelines.
$321,000,000.00
From $500,000.00 to $50,000,000.00
To apply, go to https://business.gov.au/prfsts-round2
business.gov.au provides information and advice to customers via a range of channels including phone (13 28 46), email and web chat. Contact us for assistance.