The Australian Government has announced the new Building Better Regions Fund that will see major investment in projects that will create jobs and build stronger rural, regional and remote communities into the future.
Minister for Regional Development Fiona Nash has announced a $297 million fund to deliver infrastructure projects and community activities located outside the major capital cities, and Nationals Senator for New South Wales John Williams says it will be available in two streams.
He said the Infrastructure Projects Stream will invest in projects that involve the construction of new infrastructure or the upgrade of existing infrastructure.
The Community Investments Stream will invest in local events and activities, strategic regional plans, leadership and capability-building activities.
This could involve taking a local Festival to greater heights, or attract an arts or sports event to town.
Senator Williams said the Building Better Regions Fund will be used to provide social and economic benefits in rural, regional and remote communities only, not major capital cities.
“Applicants will be invited to show how their project will make their region a more attractive place to live, or improve community connections.
Projects in remote and very remote areas will receive a loading on their project score, but will not need to provide matching funding.
Applications for both funding streams can be lodged from the 18th of January next year and further details are available at www.business.gov.au/bbrf “, Senator Williams said.