The Federal Government has announced the opening of Round Three of the Building Better Regions Fund (BBRF). The aim of the funding is to encourage investment and development of community investment projects that will create jobs, drive economic growth and build stronger regional communities into the future.
Rounds One and Two of the BBRF were highly competitive with 1776 applications received, with just over a quarter of these receiving funding.
Round Three provides an additional $200 million, giving further opportunity for eligible applicants to apply.
Community Investments Stream – Funding will be allocated for community activities, new or expanding local events, workshops, strategic planning and regional leadership and capability projects. Grant amounts range from $5,000 to $10 million. It is expected that most grant amounts in this round will be under $100,000.
Infrastructure Projects Stream – Funding will be allocated for projects which involve the construction of new infrastructure, or the upgrade or extension of existing infrastructure that provides economic and social benefits to regional and remote areas. Grant amounts range from $20,000 – $10 million.
A key component under Round Three is that up to $45 million has been earmarked for tourism related infrastructure projects that will help stimulate local economies by investing in the tourism sector. This sector is vital for our regional and remote communities, creating jobs, stimulating new business and sustaining long term economic growth.
Applications for Round Three close on 15th November 2018.
Successful applicants to the BBRF Round Two – Community Investment can be found – here.
Successful applicants to the BBRF Round Two – Infrastructure Projects can be found – here.
For more information including eligibility criteria please go to the Government’s Business website here www.business.gov.au/bbrf.