A new regional development fund has opened to support major projects that create jobs and shape the future of Gippsland.
Federal Member for Gippsland Darren Chester called on Gippsland councils to work with their communities to secure funding for major projects that delivered long-term economic benefits.
“The funding is on the table to support major projects worth more than $20 million to build on our region’s natural economic strengths,” Mr Chester said.
“The Regional Growth Fund will provide half the project cost to leverage investment from the private sector, other levels of government and not-for-profit organisations.
“It’s important communities and councils across Gippsland work together to capitalise on this opportunity to set up Gippsland’s future.”
Initial applications close on April 27, 2018.
Minister for Regional Development, Territories and Local Government John McVeigh said the Government would invest a minimum of $10 million toward each successful infrastructure project, representing a maximum of 50 per cent of project costs.
“The Regional Growth Fund will be a game-changer across Australia by unlocking government funding for projects that have the capacity to transform regional areas,” Minister McVeigh said.
“Successful projects will provide greater support for existing industries such as agriculture, tourism and manufacturing, allowing them to innovate and flourish.
“The Regional Growth Fund is an open invitation to everyone eligible who believes in regional and remote Australia to partner with the Coalition Government to support positive change for the future.
“I look forward to working together with local organisations to deliver more jobs and more opportunities across regional Australia.”
For more information on the program, including the application process, visit www.grants