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

Key Dates

BBRF Announced and Guidelines Released         23 November 2016
Infrastructure Projects Stream Opens 18 January 2017
Infrastructure Projects Stream Closes 28 February 2017
Community Investment Stream Opens 18 January 2017
Community Investment Stream Closes 31 March 2017