On 23 November, 2016 the Australian Government announced the release of the program guidelines for the new Building Better Regions Fund (BBRF).
The BBRF will invest $297.7 million over four years in infrastructure projects and community investments to create jobs, drive economic growth and build stronger regional communities into the future.
Grants are available through the following two funding streams:
Infrastructure Projects Stream:
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.
Applications for the Infrastructure Projects Stream open on 18 January, 2017 and close on 28 February, 2017.
Community Investments Stream:
Funds 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 the Commonwealth Government expects most grants will be under $100,000.
You must complete your project within 12 months of executing the grant agreement with the Commonwealth Government and by 31 December, 2019.
Applications for the Community Investments Stream open on 18 January, 2017 and close on 31 March, 2017.
Eligible Locations across the Moreton Bay Region:
As the focus of the Building Better Regions Fund is to support projects in rural, regional and remote Australia, projects located in the Significant Urban Areas of the cities of Sydney, Melbourne, Brisbane, Perth, Adelaide and Canberra as defined by the Australian Bureau of Statistics’ Australian Statistical Geography Standard are excluded for funding.
To identify if your location is an eligible area, you will need to use the Mapping Tool, which can be found at https://www.business.gov.au/assistance/building-better-regions-fund.
For further information, you can also join one of the Information Sessions. To register https://www.business.gov.au/assistance/building-better-regions-fund.
Further Information, Enquiries, Guidelines, and Application Support:
The Department of Industry, Innovation and Science’s AusIndustry Business Grants Hub is responsible for administering the program on behalf of the Department of Infrastructure and Regional Development (this includes grant application, enquiries and project management activities).
Program Guidelines, the application form, contact details for enquiries, and other programme information, is available on www.business.gov.au/bbrf.