Funding

RDA Peel is committed to maximising external investment into Peel region projects and initiatives.

Regional Development Australia Fund

On November 3, 2011 the Minister for Regional Australia, Regional Development and Local Government, The Hon Simon Crean MP, announced the second round of of the $1 billion Regional Development Australia Fund was open for applications.

Key aspects of Round Two include a two-stage application process that will reduce costs for applicants, local decision making is embedded in the process, and provide early certainty for proponents about their application.

 As part of this new role, RDA committees will review Expressions of Interest (EOI) from all potential applicants and select three viable priority projects for their region to progress to full application.

Allocation of funding, which is focused on development of infrastructure, will be competitive, merit-based and only applications that have the backing of the local Regional Development Australia (RDA) committee will be considered.

The new process for RDAF Round Two is:

The objective of the RDAF is to support the economic, environmental and community needs of Australia’s regions by providing funding for projects that meet the identified priorities of regional communities, as articulated in RDA Regional Plans. Outcomes of the program will include:

  1. Investment in regional priorities which have been identified by local communities and are articulated in RDA committee’s Regional Plans;
  2. Sustainable regional economic development, economic diversification, and increases to the economic output of local and regional economies;
  3. Increased social capital, liveability and social inclusion in regional communities, including contributing to “Closing the Gap”;
  4. Australian, state and local government, private sector and community partnerships to support investment in regional communities; and
  5. Creating dynamic regional communities with quality recreational and social facilities.

Round Two will be characterised by a stronger focus on the regional benefits of projects. Preference will be given to projects and/or benefits that span local government areas and/or RDA boundaries.

Applications for funding of amounts between $500,000 and $15 million are sought.

Guidelines for the program are available here.

Please contact RDA Peel to discuss your application before development of it begins.
 

Other Funding Opportunities