Round Two of the Building Better Regions Fund Now Open
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Date: 10 November 2017
Round Two of the Australian Government's Building Better Regions Fund is now open and applicants from the Indian Ocean Territories are eligible to apply.
The $481.6 million Building Better Regions Fund supports projects that will create jobs, drive economic growth and build stronger regional communities into the future.
Acting Minister for Regional Development, the Hon Darren Chester MP said "he looked forward to high quality applications for Round Two".
Eligible not for profit organisations and local governing bodies in rural, regional and remote Australia, which includes the Indian Ocean Territories of Christmas Island and the Cocos (Keeling) Islands can apply for grants under the Building Better Regions Fund.
Community organisations that attended the grant-writing capability workshops on Christmas Island and Cocos in June this year organised by the Department of Infrastructure and Regional Development should be better prepared in Round Two to submit high quality applications.
There are two funding streams under the Building Better Regions Fund.
- The Infrastructure Projects Stream funds projects which involve the construction of new infrastructure, or the upgrade or extension of existing infrastructure, that deliver economic and social benefits to regional and remote areas. Applicants under this stream can apply for a minimum grant of $20,000 up to a maximum grant of $10 million.
- The Community Investments Stream funds community building activities which involve new or expanded local events, strategic regional plans, and leadership and capability strengthening activities that deliver economic and social benefits to regional and remote communities. Applicants under this stream can apply for a minimum grant of $5,000 up to a maximum grant amount of $ 10 million.
Both Christmas Island and Cocos (Keeling) Islands have been classified as "very remote" for Building Better Regions Fund purposes which means not for profit organisations in the Indian Ocean Territories will be required to contribute co-funding of at least $1 for every $3 of grant funding requested unless the organisation is seeking a co-funding exemption due to exceptional circumstances. For small projects under $20,000 in the Community Investment Stream, there is no co-funding requirement.
Eligible applicants from the Indian Ocean Territories are encouraged to apply but please note that funding under the Building Better Regions Fund will be very competitive.
Submissions for Round Two of the Building Better Regions Fund close on 19 December, 2017.
For more information about the Building Better Regions Fund, or to submit an application, visit the business.gov.au website or call 13 28 46.
Territories of Christmas Island and the Cocos (Keeling) Islands