The Australian Government remains committed to regional and rural Queensland, with an additional $200 million in Budget 2018-19 for a third round of the highly successful Building Better Regions Fund.
Northern based Federal Government Senator Ian Macdonald encouraged community organisations across North Queensland to get their applications in.
“I’ve already been approached from organisations in the North Queensland community who are keen to utilise this funding initiative,” Senator Macdonald said.
“I’d like to see our region receive its fair share of funding, which is a direct investment into the economic and social infrastructure in our community.
“Following the success of round one of the Fund which created 26,000 jobs through over 250 projects nationally, extending the initiative to a third round of funding will deliver even more jobs and more economic growth in our region.
“Recognising the importance of the tourism sector to regional economies up to $45 million of this additional investment will be directed to tourism-related infrastructure projects.
“Our region was successful under Round One, with projects like the $9.9 million Bwgcolman Retail and Business Precinct on Palm Island funded through the Building Better Regions Fund.”
The Fund aims to support job creating infrastructure projects with grants available from $20,000 to $10 million.
Round two is currently under assessment with decisions expected towards the middle of this year.
For more information visit: https://www.business.gov.au/assistance/building-better-regions-fund