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Joint Media Release with Minister for Regional Development, Territories and Local Government The Hon John McVeigh
- Third round of Building Better Regions Fund delivered under 2018-19 Federal Budget
- Additional $200 million committed for round three bringing the Building Better Regions Fund to $641.6 million
Budget 2018-19 continues the Coalition Government’s commitment to build a strong regional Australia with an additional $200 million provided for a third round of the Building Better Regions Fund.
Minister for Regional Development, Territories and Local Government John McVeigh said the Building Better Regions Fund (BBRF) is a direct investment into the economic and social infrastructure of our regional communities.
“Following the success of round one of the BBRF which created 26,000 jobs through over 250 projects nationally, and with round two BBRF projects currently under assessment, a third round of funding will deliver even more jobs and more economic growth in our regions,” Dr McVeigh said.
“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.”
Country Liberals Senator for the Northern Territory, Nigel Scullion, said the announcement of a third round provides local organisations with further opportunities to deliver projects the community needs to thrive.
“The Territory was very successful under Round One, with 11 projects being delivered under the BBRF Infrastructure and Community streams including:
– $3.6 million for a new Tiwi Island welcome centre and pontoon
– $2 million for a comprehensive road renewal package in Milyakburra
– $1.9 million for a new mental health centre in Malak
– $446,000 for a specialised training centre in Roe Creek near Alice Springs
– $978,000 for a new Business Centre and Library in Borroloola
– $46,000 for a new all-season BMX Track at Nhulunbuy
– $90,000 for the Desert Harmony Festival in Tennant Creek
“These were just some of the wonderful projects the CLP delivered under Round One of the BBRF – projects which will help transform communities, create jobs and improve the lives of Territorians.
“Extending the BBRF to a third round will allow Northern Territory community organisations that may have previously missed out to have the opportunity to expand and further develop their applications, allowing us to continue our investment in regional communities.
“The BBRF will fund projects in regional Australia outside the major capital cities of Sydney, Melbourne, Brisbane, Perth, Adelaide, and Canberra, and I will strongly urge organisations and the community to take advantage of this initiative when applications are called later this year.”
The BBRF aims to support job creating infrastructure projects with grants available from $20,000 to $10 million.
Decisions on projects under round two of the fund are expected towards the middle of this year.
For more information visit: https://www.business.gov.au/assistance/building-better-regions-fund