The National Stronger Regions Fund (NSRF) – ROUND 3is an Australian Government competitive grants program which will provide $1 billion over five years from 2015 16 (including $200 million in 2018 19 and 2019 20) to fund priority infrastructure in regional communities.

NSRF Round Three opened for applications on 15 January 2016 and will close on 15 March 2016.

Grants must be between $20,000 and $10 million.

Local government and incorporated not-for-profit organisations are eligible to apply.

Grant funding must be matched in cash on at least a dollar for dollar basis. For Round Three, applicants classified as remote and very remote must contribute at least one dollar for every three dollars of NSRF funding sought.

All partner funding must be confirmed.

Funding will be provided for capital projects which involve construction of new infrastructure, or the upgrade or extension of existing infrastructure.

The project must deliver an economic benefit to the region beyond the period of construction.

Projects should support disadvantaged regions or areas of disadvantage within a regio

The NSRF funded part of the project must be completed on or before 31 December 2019.

http://investment.infrastructure.gov.au/funding/NSRF/