A total of $220M is available from the Regional Jobs and Investment Packages to help diversify regional economies, stimulate economic growth.

Regional Jobs and Investment Packages

Regional Jobs and Investment Packages

The Regional Jobs and Investment Packages support the Australian Government’s commitment to stimulate economic growth in Australian regions.

 

Background

The Regional Jobs and Investment Packages have ten packages, each is a locally led pilot, enabling each region to determine local priorities and growth industries to drive economic growth in their region and create jobs.

A Local Planning Committee will be responsible for developing their Local Investment Plan that outlines industry growth sectors, new market opportunities and future workforce needs. Grants will be available in targeted competitive funding rounds to projects that align with the priorities in each region’s Local Investment Plan.

The program will invest in projects that will have long-term outcomes and will benefit the regions beyond the life of the program. Project outcomes should be sustainable without the need for ongoing government funding. It will only support new activities that go beyond business as usual or day-to-day functions.

 

Objectives

The Regional Jobs and Investment Packages’ intended outcomes are to drive economic growth and create jobs in ten pilot regions by investing in projects that will:

  • diversify regional economies
  • stimulate long term growth
  • deliver sustainable employment
  • enable applicants to enter new markets and sectors

 

Funding

Regional Jobs and Investment Packages funding is available across three streams.

Local infrastructure

  • The minimum grant amount is $50,000.
  • The maximum grant amount is limited to the available grant funding in your region.

Business innovation

  • The minimum grant amount is $50,000
  • The maximum grant amount is limited to the available grant funding in your region.

Skills and training

  • There is no minimum grant amount.
  • The maximum grant amount is limited to the available grant funding in your region

A total of $220 million is available through ten pilot regions. The amount available to each region is up to:

  • QLD – Tropical North Queensland $20 million
  • QLD – Bowen Basin $30 million
  • QLD – Wide Bay Burnett $20 million
  • NSW – North Coast $25 million
  • NSW – South Coast $20 million
  • SA – Upper Spencer Gulf $20 million
  • VIC – Goulburn Valley $20 million
  • VIC – Latrobe Valley $20 million
  • VIC – Geelong $20 million
  • TAS – Regional Tasmania $25 million.

 

Regional Jobs and Investment Packages Eligible Projects

Local infrastructure projects

To be eligible your Regional Jobs and Investment Packages project must:

  • be a capital project or support a future capital project involving the construction of new infrastructure, or the upgrade or extension of existing infrastructure
  • have at least $100,000 in eligible expenditure, (or have at least $50,000 in eligible expenditure if you are granted an exceptional circumstances co-funding exemption)
  • be ready to commence work within 12 weeks of executing a grant agreement.

Business innovation projects

To be eligible your Regional Jobs and Investment Packages project must:

  • expand or grow your business
  • have at least $100,000 in total eligible expenditure
  • be ready to commence work within 12 weeks of executing a grant agreement.

Skills and training projects

To be eligible your Regional Jobs and Investment Packages project must:

  • deliver skills and training to learners other than your employees.

 

Regional Jobs and Investment Packages Eligible Activities

Local infrastructure grants

Eligible activities must directly relate to the Regional Jobs and Investment Packages project and can include:

  • purchase of materials
  • external labour hire
  • construction of new and upgraded infrastructure
  • plant and equipment hire, lease or purchase directly related to the project
  • external consulting costs directly related to the delivery of the construction
  • feasibility study for a future capital project.

Business innovation grants

Eligible activities must directly relate to the Regional Jobs and Investment Packages project and can include:

  • acquiring, installing, constructing and commissioning new machinery and equipment
  • fit out, alterations /or extensions to existing premises related to the new machinery or equipment
  • acquiring and developing new technology such as computer software and hardware
  • nationally recognised, accredited or tailored training that is directly related to the project
  • training required to navigate export barriers or access foreign markets
  • expanding your business operations or opening new outlets in an eligible region
  • moving your business from other areas of Australia to the eligible region. You must demonstrate that there are no significant negative impacts to the location you are moving from.
  • feasibility studies to support new business activity.

Skills and training grants

Eligible activities must directly relate to the Regional Jobs and Investment Packages project and can include:

  • tailored non-accredited training
  • skill sets from nationally recognised training
  • training that is accredited through state and territory systems
  • activities that improve access to education or training and make it easier for learners in regional areas to complete their training or education
  • feasibility studies relating to new training opportunities.

 

Eligible Applicants

To be eligible for the Regional Jobs and Investment Packages you must:

  • have an Australian Business Number (ABN)
  • be non-tax-exempt
  • and be one of the following entities:
    • a company, incorporated in Australia
    • an incorporated trustee on behalf of a trust.
  • Joint applications are acceptable, provided you have a lead applicant who is the main driver of the project and is eligible to apply. You must have a formal arrangement in place with all parties.

In order to be eligible for Regional Jobs and Investment Packages, you must provide:

  • evidence from your board (or chief executive officer or equivalent if there is no board) that the project is supported and would be ready to commence within 12 weeks of executing the grant agreement, and that you can complete the project and meet the costs of the project not covered by grant funding
  • evidence of funding commitment from other funding contributors (if applicable)
  • an Accountant Declaration that confirms you can fund your share of the total project costs