Applications open for $110 million Regional Investment Activation Fund
The NSW Government will invest $110 million to activate new and emerging industries, drive high value jobs and help the regions reach their economic potential.
The Regional Investment Activation Fund will co-invest with eligible businesses in projects that aim to deliver, significant economic, social and/or environmental benefits for a priority industry or location.
Deputy Premier and Minister for Regional NSW Paul Toole said the Regional Investment Activation Fund was aimed at making regional NSW the location of choice for private sector investment.
Mr Toole said the fund would help activate the economic potential of the State’s Special Activation Precincts, Regional Job Precincts and other priority locations.
Projects must be based in regional NSW, support sustainable employment opportunities and be completed by 30 May 2025.
There are two streams of funding.
Regional Investment Activation Fund - Stream One
From $2,000,000 to $20,000,000 for business
This grant will deliver sustainable employment opportunities, activate new industries, promote cluster development, and drive increased productivity, innovation and competitiveness of businesses in regional NSW.
Status: Open | Closing 14th November 2022
Regional Investment Activation Fund - Stream Two
From $1,000,000 to $10,000,000 for business
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.
Status: Ongoing
Applications for stream one and stream two are now open. For more information visit the NSW Government website here.
Online Industry Briefing Session
An online industry briefing session on Tuesday 11 October 2022 at 12 – 12.45pm (AEDT) will provide an overview of the grant funding opportunities for both streams, guidance on the eligibility requirements and application process, and enable potential applicants to participate in a Q&A session.
