NSW Regional Investment Activation Fund (RIAF) Stream 1

The NSW Regional Investment Activation Fund Stream 1 will co-invest with eligible entities on catalytic projects that will deliver significant economic, social and/or environmental benefits for a priority regional industry or location.

The minimum grant under the NSW Regional Investment Activation Fund is $2 million. The maximum grant amount is $20 million.

NSW Regional Investment Activation Fund Grant Objectives

The objectives of the grant are to:

Support the growth of existing industries and the establishment of new/emerging industries where regional NSW has a strong actual or potential competitive advantage
Activate the economic potential of Special Activation Precincts, Regional Job Precincts, Renewable Energy Zones, hydrogen hubs and other priority locations through increased private sector investment
Create new high quality employment opportunities
Support the shift towards higher-value-added activities and participation in global value chains and supply chains
Promote collaboration between businesses, education and research institutions and other parties through sharing of knowledge, resources and infrastructure.

Eligibility

To be eligible for funding through Stream One of the Regional Investment Activation Fund, your project must:

Be located in one of the 93 regional NSW local government areas. Note projects located in Greater Sydney (including the Blue Mountains, Hawkesbury and Wollondilly), Newcastle or Wollongong Local Government Areas are not eligible.
Demonstrate the project would not occur in regional NSW at all, or in the same timeframe, without government investment support.
Be delivered by 30 May 2025.
Deliver significant economic, social and/or environmental benefits for an industry or region.

Your business must have an ABN and be financially viable and show you can contribute in cash at least 50% of the project cost.

Businesses whose primary operation is in the following industries are not eligible for funding:

hospitality, except where a proposal is unique to the existing market and considered regionally significant and/or iconic
retail
localised trades
healthcare, childcare and social services
residential housing construction that serves the local or regional community
waste services, except where a proposal is providing unique services, such as unserviced or under-serviced waste stream, and provides services beyond the local or regional area.
administrative services that serve only the local or regional community.

Eligible costs

The grant money may be used for capital and other expenses directly related to the delivery of eligible projects including:

purchase of land
purchasing, constructing, installing and/or commissioning new plant, equipment and/or machinery
purchasing, constructing, establishing and/or fitting out new facilities, buildings or hubs
purchasing technology and/or intellectual property required to undertake the project
upgrading existing facilities, buildings, plant, equipment, machinery and/or technology where necessary to deliver the project and achieve its outcomes
external project management and administration costs up to 10% of project cost
contingency costs up to 25% of project cost

Application Process

The first phase of the process is the submission of an Expression of Interest (EOI).

All EOIs are assessed and a select number of applicants will be asked to make a detailed application.

Learn More and Submit an EOI

Click here to:

learn more about the NSW Regional Investment Activation Fund; and to,
submit an EOI in stream 1.

Note the closing date for submission of an EOI for Stream 1 of the NSW Regional Investment Activation Fund is 14 November 2022.

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