What is the Securing Raw Materials Program?
The Securing Raw Materials Program is a grant opportunity to help businesses to move or expand into regional areas, and partner with regional universities or organisations to research and develop innovative and locally sourced raw material supplies.
The Securing Raw Materials Program provides businesses with funding to relocate or expand into regional Australia and partner with a regional university or research organisation to undertake research into, and/or development of, innovative and locally sourced raw material supplies (including establishing new suppliers or products and value adding to existing known supplies). The program recognises that establishing or securing a supply of raw materials is a crucial element of business success.
There is a total of $29 million over four years available for this grant round.
The program will:
- support research into and/or development of innovative and locally sourced raw material supplies and capitalise on a region’s comparative advantages
- increase economic activity, diversity and jobs in regional areas, including by establishing new industry sectors, businesses and suppliers
- support and strengthen partnerships between industry and regional universities and research organisations located in regional areas.
The intended outcomes of the program are:
- industry growth and economic resilience in regional Australia
- stronger supply of, and access to, innovative and improved raw materials for industry
- increased research, investment and economic capacity in Australia’s regions.
Grants will be from $250,000 to $5 million. The grant amount will be up to 50% of eligible project costs.
Your project must:
- partner with a regional university or research organisation to research and/or develop innovative or improved locally sourced raw materials
- have at least $500,000 in eligible expenditure
- include your business relocating or expanding from a capital city to a regional area or expand from a regional area into a different regional area.
Eligible activities may include:
- research and/or development of:
- new or improved raw materials
- methods of processing or growing raw materials
- technologies to produce raw materials
- new uses for existing raw materials
- commercialising research outcomes
- establishing a new facility to process, use or add value to raw materials in the first 12 months of your project.
To be eligible for the Securing Raw Materials Program you must:
- have an Australian Business Number (ABN); and
- be an entity incorporated in Australia and a trading corporation, where your trading activities
- form a sufficiently significant proportion of the corporation’s overall activities as to merit it being described as a trading corporation; or
- are a substantial and not merely peripheral activity of the corporation
You should be the lead applicant as the main driver of the project with the support of at least one regional university or research organisation located in a regional area. You will need to attach supporting evidence of this project relationship in your application.
The program can only accept applications where you:
- declare that during the project period you:
- will relocate from a capital city to a regional area or
- will establish a new operation, branch or outpost of your operation in a regional area; and
- have at least 10 full-time equivalent (FTE) employees in your organisation who are relocating or commencing work in the regional area
- provide a letter of support from a regional university or research organisation confirming your relationship relating to the research and development component of the project
- provide a detailed budget as part of your application
- provide confirmation from your board (or chief executive officer or equivalent if there is no board) that:
- you are a trading corporation
- you can complete the project
- you will relocate to or establish a presence in a regional area during the project period
- you can meet the costs of the project not covered by grant funding.
Applications close 24 February 2022.