BUILDING BETTER REGIONS FUND
On 23 November 2016 the Australian Government announced the release of the program guidelines for the new Building Better Regions Fund (BBRF).
PLEASE NOTE: Only the following local governments in the Perth region (and some not-for-profit organisations operating within those local government areas) are eligible for funding under this program – City of Armadale, Shire of Kalamunda, City of Kwinana, Shire of Mundaring, City of Swan and City of Wanneroo.
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 two funding streams:
- 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.
- 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 AusIndustry Business Grants Hub is responsible for administering the program on behalf of the Department of Infrastructure and Regional Development (including grant application, enquiries and project management activities).
Program guidelines, application form and other information is available at https://www.business.gov.au/assistance/building-better-regions-fund
AUSINDUSTRY BUSINESS GRANTS
Research and Development Tax Incentive
The Research & Development Tax Incentive provides a targeted tax offset to encourage more companies to engage in R&D. The Minister for Industry, Innovation and Science, the Hon Greg Hunt has released for public consultation a Review Paper on the R&D Tax Incentive. For further information please visit R&D Tax Incentive on business.gov.au
The Accelerating Commercialisation program helps small and medium businesses, entrepreneurs and researchers to commercialise novel products, services and processes. Successful applicants will be connected with a Commercialisation Adviser. Matched funding grants of up to $1 million are available on a competitive basis. For further information please visit Accelerating Commercialisation on business.gov.au
Cooperative Research Centre Programme
A competitive merit based grant programme that supports industry led collaborations between industry, researchers and the community.
The programme provides practical advice and support for businesses, including advice from people with private sector experience; co-funded grants to commercialise novel products, processes and services; funding to take advantage of growth opportunities; and connection and collaboration opportunities.
NATIONAL SCIENCE AND INNOVATION AGENDA
The National Innovation and Science Agenda sets out the Federal Government’s agenda to drive smart ideas that create business growth, local jobs and global success. The Agenda includes initiatives worth $1.1 billion over four years.
FINANCE FOR AUSTRALIAN EXPORTERS
Efic provides financial support to Australian based companies which are exporting, in the global supply chain or seeking to grow internationally.
Efic’s primary purpose is to facilitate and encourage Australian export trade on a commercial basis. They assist their clients (SME’s and larger domestic exporters, Australian companies participating in export focused global supply chains and Australian companies conducting business and investing in emerging and frontier markets) by providing financial services in circumstances where they have been unable to source adequate finance from the private sector.
OTHER FUNDING PROGRAMS
Community Heritage Grants
Grants of up to $15,000 are available to community groups, including historical societies, museums, public libraries and indigenous and migrant organisations to support the preservation of publicly accessible heritage collections which are locally owned and nationally significant.
Industry Skills Fund
A fund to support eligible businesses to seize growth opportunities by providing grants to upskill and reskill their workforces. The fund offers skills advice to help businesses identify skills needs and maximise training outcomes as well as training grants to assist with the cost of training. The primary target is SME’s including micro businesses.
Community Heritage and Icons Grants
The programme supports community groups across Australia in their efforts to promote community engagement and awareness of our National Heritage listed places. There is $1.4 million available over three years from 2014-15.
Protecting National Historic Sites
Grants of between $25,000 and $80,000 are offered to site owners and managers of places on Australia’s National Heritage List to support activities that protect, manage and conserve these places of historic heritage value.
Stronger Communities Programme
The programme commenced in 2015/16 to fund small capital projects in local communities to improve local community participation, cohesion and contribute to vibrant and viable communities across Australia. Funding of $150,000 per year over two years will be available to support projects in each of the 150 Federal Electorates. Applicants must seek a grant of at least $5,000 and up to a maximum of $20,000 and must match the grant in cash or in-kind on at least a dollar for dollar basis.