Applications open for NSW Growing Local Economies fund
August 21, 2017
The New South Wales Government has released application details for its new $500 million Growing Local Economies fund that will support infrastructure needed for projects of economic importance.
This could include road works, natural gas mains and pipelines, water supply, sewerage connections and telecommunications (including data networks).
The fund is open to projects that:
have the capacity to deliver jobs and economic growth
help regional communities capitalise on their strengths or broaden and reposition their industry
demonstrate benefits beyond one organisation
have a minimum project size of $1 million
align with state and regional priorities and achieve Benefit to Cost Ratio greater than 1.0.
Deputy Premier and Minister for Regional NSW John Barilaro said the fund will identify the competitive advantages or the potential strong suits of each of the individual regions across NSW, and then invest in those sectors.
Project applications are invited from local government; Aboriginal Land Councils and other Aboriginal and Torres Strait Islander groups; infrastructure providers, such as telecommunication firms; incorporated associations, including business, industry and community organisations; cooperatives; educational institutions and non–government organisations.
The fund is part of the NSW Government's $1.3 billion Regional Growth Fund.