The Great Southern Development Commission (GSDC) is seeking applications for round five of the Regional Economic Development (RED) Grants program for the Great Southern with support from the Department of Primary Industries and Regional Development (DPIRD).
The RED Grants program is a State Government initiative that invests in projects that contribute to economic growth and development in regional Western Australia.
The grants will boost investment in local regional projects that contribute to population and economic growth initiatives and innovation pilots, and importantly, are driven by the community.
Preference will be given to projects that demonstrate:
- Building the capability of local suppliers, and the opportunity for regional businesses to supply items/services for the project;
- Increased regional employment and regional business participation through subcontractors, suppliers, apprenticeships and traineeships;
- Support for emerging or new industries in the region, promotion and awareness of local industry/businesses; and
- Benefit to the regional economy through any other identifiable means.
The RED Grants Program provides funding to support locally driven projects that will contribute to economic growth in regional communities.
The objectives of the RED Grants Program include:
- Sustainable jobs;
- Expanding or diversifying industry;
- Developing skills or capabilities;
- Attracting new investment in the region;
- Increasing productivity
- The State Government is investing up to $5 million for this Round (Round 5) of the program.
- Eligible applicants can apply for RED Grants funding of up to $250,000 for individual projects in Round 5.
To be eligible for RED Grant funding an applicant must:
- be a legal entity capable of entering into a legally binding and enforceable financial assistance agreement (Grant Agreement) with the Western Australian State Government;
- have an Australian Business Number (ABN);
- have an account with an authorised deposit-taking institution (an Australian financial institution or bank) registered with the Australian Prudential Regulation Authority.
For more information, visit https://www.gsdc.wa.gov.au/our-activities/funding/red-grants/