Regions to benefit from $250M development fund

Street in Orange, New South Wales. Source: https://www.flickr.com/photos/tgerus/49829373841/

The Federal Government is providing $250 million to local government agencies, not-for-profit, body or non-distributing co-operatives to fund infrastructure and services developments across their communities.

The funding is part of the sixth round of Building Better Regions Fund (BBRF), bringing the Federal Government’s total investment through the fund to $1.38 billion.

Deputy Prime Minister and Minister for Infrastructure, Transport and Regional Development Barnaby Joyce said the fund would support projects and initiatives that will transform communities, create new jobs and drive economic growth across regional Australia.

“This latest investment in new projects will build on the 298 fantastic regional projects that shared in $300 million in funding under the last round of the Building Better Regions Fund,” the Minister said.

The BBRF supports economic and social infrastructure for the long-term benefit of regional communities. The fund invests in projects located in, or benefiting eligible areas outside the major capital cities of Sydney, Melbourne, Brisbane, Perth, Adelaide, and Canberra.

Projects will be funded under two streams. The Infrastructure Projects Stream supports the construction of new infrastructure, or the upgrade or extension of existing infrastructure.

The Community Investments Stream funds community development activities including, but not limited to, new or expanded local events, strategic regional plans, leadership and capability building activities.

Applications for the fund close on Thursday, 10 February 2022.

Infrastructure Projects Stream: https://business.gov.au/grants-and-programs/building-better-regions-fund-infrastructure-projects-stream-round-6

Community Investments Stream: https://business.gov.au/grants-and-programs/building-better-regions-fund-community-investments-stream-round-6