On 27th September 2018, the Deputy Prime Minister and Minister for Infrastructure, Transport and Regional Development Michael McCormack announced that Building Better Regions Fund Round 3 was open for applications. The $641.6 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. For Round 3, $200 million is available, with up to $45 million of this funding earmarked to support tourism related infrastructure projects.
There are two streams of funding available under the program:
• Infrastructure Projects Stream (website)
This Stream supports projects which involve the construction of new infrastructure, or the upgrade or extension of existing infrastructure that provides economic and social benefits to regional and remote areas. To help regions unlock their tourism potential, up to $45 million has been earmarked for tourism related infrastructure projects that will help stimulate local economies by investing in the tourism sector.
• Community Investments Stream (website)
This Stream will fund the following community activities: new or expanded local events and workshops, strategic planning, regional leadership and capability activities. These projects will deliver economic and social benefits to regional and remote communities.
Please visit the websites above for more information, including a link to the Guidelines, FAQs etc.