National Stronger Regions Fund round three opens

Round three of the $1 billion National Stronger Regions Fund is now open for priority infrastructure projects.

Minister for Infrastructure and Regional Development, Warren Truss, said the fund aims to target and assist disadvantaged regional communities.

“As in previous rounds, I encourage applicants to put forward projects that demonstrate strong economic outcomes and address identified disadvantage, to give themselves the best opportunity for success,” Truss said.

“Funding will be targeted to projects which deliver strong outcomes for local communities.”

Assistant Minister to the Deputy Prime Minister, Michael McCormack, said applications must have a funding limit of $10 million.

“Grant funding must be matched in cash on at least a dollar-for-dollar basis, with the exception of applicants in remote and very remote locations who will need to contribute at least $1 for every $3 of funding sought,” McCormack said.

“We have introduced less stringent requirements for partner funding in remote and very remote communities in Round Three to make the National Stronger Regions Fund more accessible to these applicants.

The Australian government has already approved $505 million to fund 162 projects across the nation.

Round three of the initiative will remain open until 15 March 2016.

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