The Australian Government is continuing to progress its Regionalisation Agenda. The 2020-21 Budget includes two new components (see below).
Securing Raw Materials Program
The Securing Raw Materials Program ($35 million across two rounds) provides up to $5 million of matched funding to support research and development activities associated with securing a reliable and commercially viable raw material supply for businesses that relocate or expand to regional Australia from a metropolitan area or expand from a different regional area. The program will target businesses that enter into research businesses partnerships with regional universities or other regionally-based research organisations. Applications for Round 2 close on 24 February 2022. Further information is available on www.business.gov.au/srmp2.
Regional Cooperative Research Centre Project
The Regional Cooperative Research Centres Project (CRC-P) ($6 million) will provide grant funding to eligible businesses for industry-led collaborations to tackle issues in prominent regional industries.
Grant recipients will receive matched funding of up to $3 million. Eligible research projects must be based in regional Australia, and at least one collaborating entity must relocate from an excluded metropolitan area for the duration of the project. Based on the Department of Industry, Science, Energy and Resources' CRC-P model, Regional CRC-P funding could be used to pay for research, salaries, student placements, commercialisation, or capital items. Applications closed 25 March 2021. Further information is available in the Fact Sheet PDF: 517 KB and on www.business.gov.au/crc-p.