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.
Key information
Status: Open
Grant amount: From $1,000,000 to $10,000,000
Application opened: 5 October 2022
Application closes: 31 December 2024, 5:00 pm
The $110 million Regional Investment Activation Fund will co-invest with eligible entities on projects that will deliver, significant economic, social and/or environmental benefits for a priority industry or location.
The objectives of the grant are to:
Support the growth of existing industries and the establishment of new/emerging industries where regional NSW has a strong actual or potential competitive advantage
Activate the economic potential of Special Activation Precincts, Regional Job Precincts, Renewable Energy Zones, hydrogen hubs and other priority locations through increased private sector investment
Create new high quality employment opportunities
Support the shift towards higher-value-added activities and participation in global value chains and supply chains
Promote collaboration between businesses, education and research institutions and other parties through sharing of knowledge, resources and infrastructure.
Stream Two is an open, non-competitive grants program where applicants can contact the Department to apply for funding. This stream aims to provide increased flexibility to secure investments that are time sensitive and strategically significant for a priority industry or location.