- Third round of Building Better Regions Fund delivered under 2018-19 Federal Budget
- Additional $200 million committed for round three bringing the Building Better Regions Fund to $641.6 million.
Budget 2018-19 continues the Coalition Government’s commitment to build a strong regional Australia with an additional $200 million provided for a third round of the Building Better Regions Fund (BBRF).
Federal Member for New England Barnaby Joyce said the announcement of a third round of the BBRF provides local organisations with further opportunities to deliver projects the community needs to thrive.
“Our region has been very successful under round one, seeing projects like the $7 million redevelopment of Scone Regional Livestock Selling Centre being delivered, which features nearly $3 million in Australian Government funding,” Mr Joyce said.
“Extending the BBRF to a third round will allow community organisations that may have previously missed out to have the opportunity to expand and further develop their applications, allowing us to continue our investment in regional communities.
“It will fund projects in regional Australia outside the major capital cities, and I will strongly urge organisations and the community to take advantage of this initiative when applications are called later this year.”
Minister for Regional Development, Territories and Local Government John McVeigh said the BBRF is a direct investment into the economic and social infrastructure of our regional communities.
“Following the success of round one of the BBRF which created 26,000 jobs through over 250 projects nationally, extending the BBRF to a third round of funding will deliver even more jobs and more economic growth in our regions,” Dr McVeigh said.
The BBRF aims to support job creating infrastructure projects with grants available from $20,000 to $10 million. Round two of the BBRF is currently under assessment with decisions expected towards the middle of this year.
For more information visit: business.gov.au