National Stronger Regions Fund delivers $293 million for communities
The Australian Government has announced $293 million to fund 111 projects to help deliver economic benefits to communities around Australia through Round Two of the National Stronger Regions Fund.
Deputy Prime Minister and Minister for Infrastructure and Regional Development Warren Truss said the second round of the programme had seen an increase in the number of applications, with 513 applications seeking $1.5 billion in funding.
“The strong growth in applications demonstrates a genuine appreciation of the programme by communities across the nation. The Fund maintains a very strong level of support from not for profit organisations and local governments,” Mr Truss said.
“This round of the programme was very competitive and the standard of applications was higher than the previous round.
“Clearly, applicants have thought seriously about how well their project addresses the objectives of the Fund. Round Two also had $25 million quarantined for projects seeking funding of $1 million or less, so smaller projects are well represented amongst the successful applicants.
“As a result, double the number of projects are being funded under Round Two than Round One which is great news for communities across the nation.”
Mr Truss said the 111 projects selected for Round Two funding brought the total number of National Stronger Regions Fund projects to 162.
“These projects bring the total amount of Australian Government investment approved to date under the Fund to $505 million,” he said.
Assistant Minister to the Deputy Prime Minister Michael McCormack said he was delighted to see such a strong response from applicants again in Round Two which will deliver great new gains for communities.
For the full Media Release visit RDA Murray
The National Stronger Regions Fund is delivering $1 billion over five years to promote economic growth and address disadvantage.
More on the National Stronger Regions Fund, including a full list of successful Round Two projects and details on the application process, is available online at www.infrastructure.gov.au/nsrf