Building Better Regions Fund

On 4 August 2017, Senator the Hon Fiona Nash, Minister for Regional Development announced the outcomes of the 1st Round of the Building Better Regions Fund Infrastructure Projects Stream.

More than $18 million in much-needed infrastructure has been granted in the last week through the Federal Government’s Building Better Regions Fund to the Wide Bay Burnett region.

Please see the link below for a full list of successful applicants across the country that have been offered funding under the Building Better Regions Fund Infrastructure Projects stream.

https://www.business.gov.au/Assistance/Building-Better-Regions-Fund/Building-Better-Regions-Fund-Infrastructure-Projects/funding-offers

For a list of successful Wide Bay Burnett projects, please click here for our recent media release which has a list of the projects.

The Community Investment Stream is set to be announced soon.

It is expected that another round of BBRF will be opened before the end of the year.

The $297.7 million Building Better Regions Fund (BBRF) supports the Australian Government’s commitment to create jobs, drive economic growth and build stronger regional communities into the future.

The program will fund projects in regional Australia outside the major capital cities of Sydney, Melbourne, Brisbane, Perth, Adelaide, and Canberra.

There are two streams of funding available under the program:

 

INFRASTRUCTURE PROJECTS

The Infrastructure Projects Stream will support projects which involve the construction of new infrastructure, or the upgrade or extension of existing infrastructure that provide economic and social benefits to regional and remote areas.

You can apply for a minimum grant amount of $20,000 and a maximum grant amount of $10 million.

You must complete your project by 31 December 2019.

COMMUNITY INVESTMENT

The Community Investments Stream will fund community building activities including but not limited to, new or expanded local events, strategic regional plans, and leadership and capability building activities. These projects will deliver economic and social benefits to regional and remote communities.

The minimum grant amount is $5,000 and the maximum grant amount is $10 million, however given the nature of eligible projects we expect most grants will be under $100,000.

You must complete your project within 12 months of executing the grant agreement with the Commonwealth and by 31 December 2019.

FURTHER INFORMATION

To access the guidelines and to apply, please follow the link below.

https://www.business.gov.au/assistance/building-better-regions-fund

Building Better Regions Fund PDF