Deadline: 30-Jun-22
The Government of Western Australia is inviting applications for the Collie Futures Industry Development Fund (CFIDF) to provide support for significant industry-led proposals that will contribute to economic development and diversification of the regional economy.
Industry-led proposals provide a mechanism for government to leverage private sector expertise and initiatives to support development of new industries.
Under the CFIDF, funding will be available to new projects which are able to demonstrate a significant and sustainable impact on the local economy through both increased productivity and creation of jobs. Specifically, funding will be made available for activities to support commercialisation and implementation of identified substantial business opportunities.
Objectives
The CFIDF will focus on developing new industries and expanding existing industries in the Collie region. The anticipated outcomes of the program are a significant increase in the:
- number and diversity of job opportunities;
- productivity of business and industries; and
- scale and diversity of the economic base.
Focus
The fund will focus on the following sectors where the Collie region has strengths and growth prospects, as identified in existing regional plans and industry strategies:
- Aged and health care;
- Agribusiness;
- Coal-related industries;
- Energy;
- Forest products;
- Manufacturing and professional services;
- Mineral processing; and/or
- Tourism.
Focus Areas
The State Government is opening doors for industry by offering up to $2 million in matched funding in support of industry-led projects setting up or expanding in Collie.
Eligibility Criteria
To be eligible for consideration, an application must be made online using the SmartyGrants Portal established for the CFIDF and:
- clearly demonstrate alignment of the proposal outcomes with the objectives of the Collie Futures Fund;
- clearly demonstrate impact on the regional economy within a journey-to-work zone of up to 50 kilometres from the Collie townsite;
- include a summary project plan, including high-level project outcomes and deliverables, a timeline, details of the project budget, resources, risks, statutory approval requirements, stakeholder engagement and evaluation (note funded activities must be completed within 2 years of the funding agreement being signed);
- be seeking up to a maximum of $2 million Collie Futures Fund funding and include a funding contribution from the applicant (all Collie Futures Fund funding must be matched by a minimum, secured cash co-contribution1 of $1 for every $1 funded); and
- be made by a valid legal entity that can enter into a funding agreement with the Western Australian Government.
Applications will be primarily considered from private sector businesses, including small to medium sized businesses. However, applications will also be considered from local government authorities, business and industry groups (such as industry peak bodies and business associations), not-for-profit organisations and community groups with a valid Australian Business Number (ABN) or Australian Company Number (ACN).
Government Trading Enterprises are ineligible to apply to the fund.
For more information, visit Government of Western Australia.
For more information, visit https://www.swdc.wa.gov.au/grants-funding/collie-futures-fund/