Regional Development VictoriaRegional Development Victoria

State Government of Victoria


Building Better Regions Fund - Round 2 Now Open

10 November 2017

The $481.6 million Building Better Regions Fund (BBRF) supports the Australian Government's commitment to create jobs, drive economic growth and build stronger regional communities into the future.

The BBRF program will run from 2016-17 to 2020-21 and will fund projects in regional Australia outside the major capital cities of Sydney, Melbourne, Brisbane, Perth, Adelaide, and Canberra.

Round 2 of the program is now open and this time around both the Infrastructure Stream and the Community Investments Stream Applications close on the same day: 19 December 2017 5:00 pm AEDST.

If you are considering applying for this funding, please discuss your application with the respective RDA team

More information, including the guidelines for both streams, can be found on the website www.business.gov.au/BBRF

Infrastructure Projects Stream

The Infrastructure Projects Stream supports projects which involve the construction of new infrastructure, or the upgrade or extension of existing infrastructure that provide economic and social benefits to regional and remote areas.

  • The minimum grant amount is $20,000
  • The maximum grant amount is $10 million
  • For most projects grant funding will be up to 50 per cent or up to 75 per cent 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 the co-funding requirement if you can demonstrate that you are experiencing exceptional circumstances.

Community Investments Stream

The Community Investments Stream will fund the following community activities, new or expanded local events, strategic regional plans, and leadership and capability strengthening activities.

  • The minimum grant amount is $5,000
  • The maximum grant amount is $10 million, however given the nature of eligible projects we expect most grants will be under $100,000
  • For projects with a total project cost of more than $20,000, grant funding will be up to 50 per cent or up to 75 per cent of your eligible project costs. Your location will determine the percentage of grant funding you can receive
  • For small projects with a total project value of less than $20,000, grant funding will be up to 100 per cent of eligible project costs
  • You may apply for a partial or full exemption to the co-funding requirement if you can demonstrate that you are experiencing exceptional circumstances.

RDA Involvement

The RDA teams may provide project guidance and letters of support for projects that align with their regional priorities.



    

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Last Updated: 13 November 2017