Regional Investment Activation Fund

Date/Deadline: 31 Dec, 2022

This grant supports projects that are time-sensitive and strategically significant for a priority industry or location. Projects may be recommended for funding support under the Regional Investment Activation Fund.

Program objective

The $110 million Regional Investment Activation Fund will co-invest with eligible entities on projects that will deliver, significant economic, social and/or environmental benefits for a priority industry or location.

The objectives of the grant are to:

• Support the growth of existing industries and the establishment of new/emerging industries where regional NSW has a strong actual or potential competitive advantage
• Activate the economic potential of Special Activation Precincts, Regional Job Precincts, Renewable Energy Zones, hydrogen hubs and other priority locations through increased private sector investment
• Create new high quality employment opportunities
• Support the shift towards higher-value-added activities and participation in global value chains and supply chains
• Promote collaboration between businesses, education and research institutions and other parties through sharing of knowledge, resources and infrastructure.

Eligibility

Who can apply

To be eligible to apply for funding through Stream Two of the Regional Investment Activation Fund, applicants must:

• Have an Australian Business Number (ABN)
• Be one of the following:
– A company incorporated in Australia
– A company limited by guarantee
– An incorporated trustee on behalf of a trust
– An incorporated association or co-operative
– An Aboriginal and/or Torres Strait Islander Corporation registered under the Corporations (Aboriginal and /or Torres Strait Islander) Act 2006.
• Be registered for GST
• Be financially viable and able to demonstrate that they are likely to remain so over the duration of the project
• Have at least $20 million public liability insurance or be able to secure before entering into a Funding Deed if successful.

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