Guidelines for Round 5 of Building Better Regions Fund Released
16 December, 2020
The Australian Government has now released guidelines for round five of the Building Better Regions Fund (BBRF). BBRF includes an Infrastructure stream and Community Investment Stream.
The $1.04 BBRF supports the Australian Government’s commitment to:
- drive economic growth
- build stronger regional communities into the future.
For Round Five, there is a total of $200 million available, with $100 million dedicated to tourism-related infrastructure projects.
Infrastructure Project Stream
The Round Five Infrastructure Projects Stream supports investment ready projects that provide economic and social benefits for regional and remote areas.
Open date: 12 Jan 2021 10:00 AM AEDT.
Close date: 05 Mar 2021 05:00 PM AEDT.
The Infrastructure Projects Stream supports projects that provide economic and social benefits to regional and remote areas. The projects can be either construction of new infrastructure or the upgrade or extension of existing infrastructure. The Infrastructure Projects Stream only supports investment ready projects.
For most projects grant funding will be up to either 50% or 75% of your eligible project costs. Your location will determine the percentage of grant funding you can receive.
You may apply for a partial or full exemption to your contribution requirement if you can demonstrate that you are experiencing exceptional circumstances.
Your project will need to deliver economic and social benefits to a regional or remote community.
Follow this link for more information on the Infrastructure Stream.
Community Investment Stream
The Round Five Community Investments Stream supports new or expanded local events, strategic regional plans or leadership and capability strengthening activities that provide economic and social benefits to regional and remote areas.
Open date: 12 Jan 2021 10:00 AM AEDT.
Close date: 05 Mar 2021 05:00 PM AEDT.
The Community Investments Stream will fund new or expanded local events, strategic regional plans, or leadership and capability strengthening activities that provide economic and social benefits to regional and remote areas. Infrastructure projects are not eligible under the Community Investments Stream.
For most projects grant funding will be up to either 50% or 75% of your eligible project costs. Your location will determine the percentage of grant funding you can receive.
You may apply for a partial or full exemption to your cash contribution if you can demonstrate that you are experiencing exceptional circumstances.
For small projects with a total grant amount of equal to or less than $20,000, grant funding will be up to 100% of eligible project costs.
Your project will need to deliver economic and social benefits to a regional or remote community.
Follow this link for more information on the Community Investment Stream.
