Regional Development Election Announcements
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News roundup of election announcements on regional development grants and programmes
The 2016 election introduced some changes to the Australian Government’s approach to regional development. It also brings some continuity with Senator Fiona Nash retaining the Regional Development portfolio.
The new national Building Better Regions Fund, a $25 Regional Tasmania Jobs and Investment Package and a City Deal proposal for Launceston were the new announcements. We will continue to share information on these programmes through our website and e-newsletter as they are released:
Building Better Regions Fund
With a focus on regional, rural and remote areas this fund will replace the current National Stronger Regions Fund. It will introduce separate assessment criteria for projects of similar size and funding streams for both infrastructure projects and community investments.
Regional Tasmania Jobs and Investment Package
This package intends to support business to grow and expand and leverage partnership funding from the private and government sectors. The grants from the package will be awarded through three streams:
- Support for businesses to grow and bring forward expansion plans
- Building local infrastructure
- Investment in skills and training programmes to build a highly skilled local workforce
We understand the program will be open to local government and business sector.
The City Deal concept originates from the UK and has been proposed by the Australian Government as its preferred method for working with multiple stakeholders at a city level to deliver significant investment. Launceston was identified in the election as one of the first City Deal locations. This relates to Launceston and its share of the Australian Government’s $150 million investment into the relocation and expansion of the University of Tasmania’s campuses in Launceston and Burnie and the $7.5 million investment into the Launceston City Heart projects.
We continue to await the outcome of National Stronger Regions Fund Round III as the announcement of successful applicants, due in July, has been delayed by the election.
The Australian Government will set a future direction for the Commonwealth's work in regional Australia by releasing a regional development policy in 2017.