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Current Grant Opportunity View - GO5109

Northern Australia Development Program – Industry Transformation Grant Opportunity

GO ID:
GO5109
Agency:
Department of Infrastructure, Transport, Regional Development and Communications
Close Date & Time:
24-Oct-2023 5:00 pm (ACT Local Time)
Show close time for other time zones
Primary Category:
261003 - Business Development
Publish Date:
29-Sep-2021
Location:
ACT, NSW, VIC, SA, WA, QLD, NT, TAS, Administered Territories
Selection Process:
Open Non-competitive

Description:

The Industry Transformation Grant Opportunity is part of the Northern Australia Development Program which focuses on economic diversification and job creation through support for scaling up and growing businesses, including Indigenous businesses, in Northern Australian communities.

The program has 2 elements:

  • grant opportunities, including Business Development Grants and Industry Transformation Grants
  • Business Advisory services, which give access to advice and services to build and strengthen businesses.
Eligibility:

To be eligible you must have an Australian business number (ABN) and be one of the following entities:

  • an entity incorporated in Australia and a trading corporation
  • an incorporated trustee on behalf of a trust.

Your trading activities must:

  • form a sufficiently significant proportion of the corporation / trust’s overall activities as to merit it being described as a trading corporation / trust; or
  • be a substantial and not merely peripheral activity of the corporation / trust.

You must also:

  • be a medium to large business – more than 20 employees
  • have at least $6 million in eligible expenditure.

Eligible projects

Your project must:

  • be located in or will significantly benefit Northern Australia
  • be aimed at a new industry or significantly growing the value of an existing industry and contribute to transformational change in a region.

If you receive a grant, you must work with a Strengthening Northern Australian Business facilitator to develop and implement a business roadmap. The roadmap will include recommendations and opportunities for your business.

We encourage joint applications provided you have a lead organisation who is the main driver of the project and is eligible to apply.

What the grant money can be used for

Eligible activities may include:

  • buying, constructing, installing or commissioning of plant and equipment
  • construction and/or fit out of new infrastructure
  • relevant training and skills development directly related to your project
  • feasibility studies/business case to bring your project to investment ready
  • process design and engineering
  • scaling up activities related to the business opportunity .

We may also approve other activities.

For more information on eligibility please read the Grant opportunity guidelines.

Grant Activity Timeframe:

December 2021 to January 2024.

Total Amount Available (AUD):

$40,000,000.00

Estimated Grant Value (AUD):

From $3,000,000.00 to $10,000,000.00

Instructions for Application Submission:

Applications open Thursday 4 November 2021.

To apply, go to: www.business.gov.au/NADP-Industry-Transformation

Other Instructions:

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.

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