The RIAF - Stream Two is an open, non-competitive grants program. This stream aims to provide increased flexibility to secure investments that are time sensitive and strategically significant for a priority industry or location. Applicants can contact the Department of Regional NSW to apply for funding.

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.

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.