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Regional Development Australia Fund Round Two

Round Two EOIs have now been received and processed, more information will be available in 2012.

Round Two of the Regional Development Australia Fund (RDAF) is now open. The Australian Government will provide $200 million towards projects which address regional issues and priorities, support regional communities and deliver both short and long-term community and economic benefits for local communities.

Regional Benefit

The RDAF program supports the infrastructure needs and economic growth of Australia’s regions. It is designed to leverage state, Commonwealth, local government, private and not-for-profit investments.

Two Step Application Process

In a new two-stage application process designed to enhance local input, Regional Development Australia (RDA) committees will consider Expressions of Interest from their region and select three viable priority projects for each region to proceed to full application. Applications will be considered by the RDAF Advisory Panel, who will provide advice to the Minister on the most meritorious projects.

A summary of key changes in Round Two are as follows:

  • A two-stage application process, including a short paper-based Expression of Interest.
  • Review all Expressions of Interest from their region
  • Select three viable priority projects, which will proceed to full application
  • One EOI application per applicant for a single project
  • A maximum grant value of $15 million
  • Preference will be given to applications that demonstrate partnership funding on a dollar for dollar basis for grant requests of $5 million and less, and on a 1:2 basis for grant requests of more than $5 million
  • At least 50 per cent of partnership funding must be cash
  • Not-for-profit organisations must have a minimum annual income of $1.5 million
  • Projects located in capital cities must demonstrate how the proposed project will benefit the broader region, or other parts of regional Australia, and
  • Guidance on the content of mandatory documents.

 

For more information and a copy of the relevant documents visit www.regional.gov.au