Deadline: 06-Mar-23
The NSW Government is pleased to announce the applications for Regional Job Creation Fund (RJCF) Round 3 that provides opportunity for existing businesses to diversify into new markets and innovate in regional NSW.
Program Objectives
- The $100 million Regional Job Creation Fund (RJCF) Round 3 will support existing regional NSW businesses, or those seeking to relocate to regional NSW as they adapt to technological change, meet evolving supply chain distribution demands and leverage their strengths to drive ongoing productivity and regional economic development.
- Funded projects will create and maintain regional jobs, diversify regional economies, and provide skills, and training opportunities, including for young people, Aboriginal and/or Torres Strait Islander individuals and people with disability.
- This investment will lead to more sustainable employment and stronger and more resilient regional economies.
Funding Information
- The minimum grant amount per application is $100,000. The maximum grant amount per application is $10,000,000. All grants are GST exclusive. GST will be applied on top of the agreed grant value when payment is made.
Types of projects funded under this grant
- Eligible projects could include the:
- Replacement, upgrade or adaptation of plant and equipment including technology or energy efficiency upgrades
- Establishment of an additional production line for an existing regional NSW business
- Onshoring in a regional NSW location of activity currently done overseas
- Development of new regionally significant and/or iconic tourism experiences and visitor attractions creating new inter-state or international demand in the region (without impacting other NSW tourism businesses)
- Relocating or expanding a business operation from out-of-state or internationally to regional NSW.
Eligible Projects
- Be located in one of the 93 regional NSW Local Government Areas (LGAs), the Unincorporated Far West or Lord Howe Island
- Create or retain direct Full Time Equivalent (FTE) jobs in regional NSW that are sustainable without additional NSW Government investment beyond the grant
- Demonstrate the project would not occur in regional NSW at all, or in the same timeframe, without government investment
- Be completed by 30 May 2025. It is recommended applicants have a COVID plan in place to mitigate any potential delays due to COVID
- Provide proof of $20 million of public liability insurance at time of contracting
- Secure approvals to meet project timeframes
- Confirm secured cash co-contribution.
Note: Jobs must be directly employed by the applicant/ joint applicants and not through labour hire firms. One FTE position is equal to a ‘standard working week’ of 35 hours.
Eligibility Criteria
- To be eligible to apply for funding, applicants must:
- Have an Australian Business Number (ABN)
- Be one of the following:
- A company incorporated in Australia
- A company incorporated by guarantee
- An incorporated trustee on behalf of a trust
- An incorporated association or co-operative
- A partnership
- A sole trader
- An Aboriginal and/or Torres Strait Islander Corporation registered under the Corporations (Aboriginal and /or Torres Strait Islander) Act 2006.
- Be registered for GST
- Be financially viable and able to demonstrate that they are likely to remain so over the duration of the project
- Have at least $20 million public liability insurance or be able to secure before entering into a Funding Deed if successful.
- Applicants can be based internationally, interstate or in metropolitan or regional NSW. International businesses will need to have an ABN, to be registered for GST, have at least $20 million in public liability insurance and be an eligible entity, to enter into a Funding Deed if they are successful.
For more information, visit Regional Job Creation Fund.