A revamped federal fund that focuses on projects in regional communities would mean more money is spent locally, Member for McMillan Russell Broadbent said.
“The Building Better Regions Fund is opening for applications soon. This fund replaces the National Stronger Regions Fund and ensures that regional projects seeking funding are not competing against those in metropolitan areas,” Mr Broadbent said.
“As we all known, the argument for investment in the electorate of McMillan is clear. As a major tourist destination, leading food producer and power generator, ours is a region that deserves continued and significant infrastructure investment and community project support.”
The BBRF will have two streams of funding:
The Infrastructure Projects Stream will invest in projects that involve the construction of new infrastructure, or upgrade or extension of existing infrastructure that provide economic and social benefits to regional and remote areas. Applications for the Infrastructure Projects Stream open on 18 January 2017 and close on 28 February 2017.
The Community Investments Stream will invest in local events and activities, strategic regional plans and leadership and capability building activities that provide economic and social benefits to regional and remote communities. Applications for the Community Investments Stream open on 18 January 2017 and close on 31 March 2017.
“McMillan is more than just bricks, mortar, roads and bridges. With this in mind, the Community Investments Stream might help expand a local festival, attract a theatre production or major sporting event to the region to bring more visitors to a town,” Mr Broadbent said.
“It could also offer leadership or business training for young locals. A new social benefit criteria will allow applicants to show how their project will make their region a more attractive place to live.
“Projects in remote and very remote areas will receive a loading on their project score, and also will not need to produce 1:1 matching funding. The Government will provide up to 75 per cent of the investment for remote and very remote projects.”
For more information: https://www.business.gov.au/assistance/building-better-regions-fund or call 13 28 46.