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.
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:
- Economic benefit
- Social benefit
- Value for money
- Project delivery
It is important that applicants define, quantify and provide evidence to support their answers.
Further information on the program, including eligibility criteria and how to apply, is available at: www.business.gov.au/assistance/building-better-regions-fund
|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|