Pearce community groups, councils and organisations can now apply for funding under the Government’s newly announced Building Better Regions Fund (BBRF) which will invest in projects that create jobs, drive economic growth and build stronger rural, regional and remote communities into the future.
Federal Member for Pearce, Christian Porter, said the new BBRF will deliver infrastructure projects and community activities located outside the major capital cities.
“Locals know the community best and the BBRF gives Pearce community groups and councils the opportunity to identify and develop projects that will strengthen our region,” Mr Porter said.
Funding under the BBRF will be available in two streams:
· The Infrastructure Projects Stream will invest in projects that involve the construction of new infrastructure, or the upgrade or extension of existing infrastructure.
· The Community Investments Stream will invest in local events, strategic regional plans and leadership and capability building activities.
“There are key differences between the new Building Better Regions Fund and previous funds,” Mr Porter said.
“Projects in major capital cities will not be eligible under the Building Better Regions Program Guidelines. This is a fund for rural, regional and remote communities.
“A brand new source of funding will be available for community projects – a Community Investments Stream. The Community Investments Stream might help expand a local festival, attract a theatre production or major sporting event to the region, or it might be leadership or business training for young locals.
“New social benefit criteria will allow applicants to show how their project will make their region a more attractive place to live, or improve community connections.
“Projects in remote and very remote areas will receive a loading on their project score, and will not need to produce 1:1 matching funding.
“Also, projects will now be assessed against others of similar size, so small community projects are not competing against huge projects.
“When the Government invests in a region it builds confidence across the entire community – confidence is key in regional communities.”
The Program Guidelines for the Building Better Regions Fund outline the type of project proposals sought, how to lodge an application, how assessment will be conducted, and critical program dates.
The Building Better Regions Fund replaces the National Stronger Regions Fund which has now closed.
To access the BBRF Program Guidelines, and to lodge an application, visit www.business.gov.au/bbrf