Illawarra Region Innovation and Investment Fund

ILLAWARRA JOB CREATION FUND OPEN FOR BUSINESS

Illawarra businesses could be eligible for a minimum of $50,000 in funding, on a dollar for dollar basis, under the Illawarra Region Innovation and Investment Fund.

The first round of applications is now open, with the first projects expected to be up and running by February next year.

Applicants have to be incorporated and have an Australian Business Number ( ABN), and be registered for the GST.

The fund is looking for projects that can diversify the region's economy. Focussing on the manufacturing industry, the Innovation and Investment Fund will favour projects which offer long-term growth potential in order to grow the Illawarra’s industry base.

This support will help offset the effect of BlueScope Steel’s decision to de-activate one of its blast furnaces at Port Kembla, which will result in job losses.

For a copy of the full media release, click here.