Building Better Regions Fund

The $297.7 million Building Better Regions Fund supports the Australian Government's commitment to create jobs, drive economic growth and build stronger regional communities into the future.

Overview

The Building Better Regions Fund (BBRF) promotes economic development in Australia’s regions.  The Australian Government is providing $297.7 million over four years from 2016-17 to 2019-20.

The Department of Industry, Innovation and Science is responsible for administering the program on behalf of the Department of Infrastructure and Regional Development.

The program will only fund projects in regional Australia outside the major capital cities of Sydney, Melbourne, Brisbane, Perth, Adelaide and Canberra.  Projects in Hobart are eligible to apply.

It is a competitive grant program, applications are assessed against eligibility and merit criteria and compared to other applications in a funding round.

Programme Objectives and Outcomes

The program has been designed to achieve the following outcomes in regional and remote communities

  • create jobs
  • have a positive impact on economic activity, including Indigenous economic participation through employment and supplier-use outcomes
  • enhance community facilities
  • enhance leadership capacity
  • encourage community cohesion and sense of identity.

There are two streams of funding available under the program.

Infrastructure Projects Stream

The Infrastructure Projects Stream will support projects which involve the construction of new infrastructure, or the upgrade of existing infrastructure that provide economic and social benefits to regional and remote areas.

Funding available - $20,000 to $10 million

Community Investments Stream

The Community Investment 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.

Funding available - $5,000 to $10 million

Role of RDA Tasmania

RDA Tasmania can:

  • assist you to identify and develop a strong project proposal that will contribute to long term economic growth and is a priority within your region, and;
  • work with you to prepare a competitive application, supporting documents and evidence.

Addressing Merit Criteria

To be competitive, you will need to address each of the four merit criteria in your application:

  1. Economic benefit
  2. Social benefit
  3. Value for money
  4. Project delivery

It is important that applicants define, quantify and provide evidence to support their answers.

More Information

Further information on the program, including eligibility criteria and how to apply, is available at: www.business.gov.au/assistance/building-better-regions-fund

Round One Outcomes

Congratulations to the successful Tasmanian applicants for Round 1 of the Building Better Regions Fund Infrastructure Projects stream. Applications under Round One of the Community Investments stream are still under assessment with funding outcomes expected to be announced shortly.

Brighton Council’s Bridgewater Parkland: Construction of parkland in Bridgewater including playground equipment, public toilets, BBQ facilities, outdoor furniture and associated infrastructure ($430,000 grant).

Flinders Council’s Flinders and Cape Barren Islands Telecomms Transformation Project: Upgrade to the ageing radio network between its Islands and mainland Tasmania by installing a state of the art, multi-bearer high capacity microwave IP radio link ($7,879,960 grant).

King Island Council’s King Island Airport Airfreight Precinct Development: Development of a freight precinct comprised of landside freight loading area, a freight building which includes charge points for operator’s forklifts, dedicated airfreight apron, sealed taxiway and connectors and powered pad for landside aircraft refuelling facility ($223,603 grant).

Kingborough Council’s Kingston Park Community Hub: Construction of a multipurpose hall, meeting rooms, reception/office, public toilet, flexible workspace, café and covered town square, and adjacent landscaping ($2,800,000 grant).

A total of 110 projects to the value of $219.5 million have been approved for funding under the Infrastructure Projects stream.    

Round One of the Infrastructure Projects stream was heavily oversubscribed with 545 applications received. A list of the all successful projects is available at www.business.gov.au/bbrf.