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What is the Building Better Regions Fund?

The Building Better Regions Fund is a grant designed to support regional areas with new infrastructure to help create jobs and drive economic growth.

 

Budget 2020-2021

Good news!.

Under an additional round of the Building Better Regions Fund, half of the $200 million for projects will be dedicated to tourism-related infrastructure.

 

Success Stories

Building Better Regions Fund Round 4

Bulletpoint assisted the Greater Shepparton City Council to receive $7.19 million towards the Greater Shepparton Regional Sports Precinct through the Regional Development Australia Fund Round Four.

This project will substantially expand the capacity of the 65 hectare Greater Shepparton Regional Sports Precinct (GSRSP) by building new fields and facilities for a range of sports. It will provide modern infrastructure for the site, including a linking boulevard, fencing, landscaping, playgrounds,signage, car parks, traffic signals and supporting works.

The project will include construction of five new football fields, a new synthetic hockey pitch and athletics track, and eight new netball courts, together with upgrades to existing multipurpose fields. New lighting, pavilions and improved spectator amenities feature in most elements of the project.

 

Building Better Regions Fund – Funding Available

There are two streams of funding available under the Building Better Regions Fund:

Infrastructure Projects Stream

  • Round 4  supports projects which involve the construction, upgrade or extension of infrastructure in drought-affected areas. Through these projects, it aims to provide both economic and social benefits.
  • Grants of $20,000 to $10 million to cover 50% or more of project costs.

Community Investments Stream

  • Round 4 supports projects benefiting local communities in drought-affected areas. Through these projects, it aims to provide both economic and social benefits.
  • Grants of $5,000 to $1 million to cover 50% or more of project costs.

 

Eligible Projects

The Building Better Regions Fund 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.

Your Building Better Regions Fund project must:

  • be located in regional Australia outside the major capital cities of Sydney, Melbourne, Brisbane, Perth, Adelaide, and Canberra
  • be seeking a grant of at least $20,000, and up to a maximum of $10 million
  • provide evidence confirming all co-funding contributions
  • have a project that has not started at the time of application
  • be ready to commence within 12 weeks of executing the grant agreement
  • be completed by 31 December 2022.

The Building Better Regions Fund 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.

Your Building Better Regions Fund project must:

  • be located in regional Australia outside the major capital cities of Sydney, Melbourne, Brisbane, Perth, Adelaide, and Canberra
  • be seeking a grant of at least $5,000 and up to a maximum of $10 million
  • provide evidence confirming all co-funding contributions
  • have a project that has not started at the time of application
  • you must complete your project within 12 months of executing the grant agreement with the Commonwealth and by 31 December 2022.

 

Eligible Applicants

To be eligible for the Building Better Regions Fund Infrastructure Projects Stream you must be a legal entity, have an Australian Business Number (ABN) and be one of the following entities:

  • a local governing body as defined by the Local Government (Financial Assistance) Act 1995
  • a not for profit organisation that has been established for at least two years.

To be eligible for the Building Better Regions Fund Community Investments Stream you must be a legal entity, have an Australian Business Number (ABN) and be one of the following entities:

  • a local governing body as defined by the Local Government (Financial Assistance) Act 1995
  • a not for profit organisation.

 

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Timing

Applications closed for Round 4 on 19 December 2019.

 

More Information

 

Round 4 Recipients

The recipients of round for of the Building Better Regions Fund Round are: