www.rdasunshinecoast.org.au national stronger regions fund an overview for prospective applicants...
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www.rdasunshinecoast.org.au
National Stronger Regions FundAn overview for prospective applicants
Russell Mason, CEOMax Standage, ChairmanRegional Development Australia (RDA) Sunshine Coast
October 2014
Today’s presentation
• National Stronger Regions Fund overview• Objective and outcomes• Key points to note• Eligibility – who and what• Assessment criteria• Role of RDA Sunshine Coast• RDA Sunshine Coast Regional Roadmap priorities• Key dates• How to apply
www.rdasunshinecoast.org.au
National Stronger Regions Fund (NSRF) Overview
• $1 billion Commonwealth Government program • $200 million a year over 5 years to fund priority
infrastructure in local communities that promote economic development in Australia’s regions –
• Investing in crucial infrastructure projects that deliver economic and social benefits
• Encouraging strong partnerships with the private sector and local and state governments
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NSRF Objective & OutcomesNSRF Objective - to fund investment ready projects which support economic growth and sustainability of regions across Australia, particularly disadvantaged regions, by supporting investment in priority infrastructure.Desired outcomes of the NSRF are:• Improved level of economic activity in regions• Increased productivity in the regions• Increased employment and a better skilled workforce• Increased capacity and improved capability for regions to deliver
major projects, and to secure and manage investment funding• Improved partnerships between local, state and territory
governments, the private sector and community groups• More stable and viable communities, where people choose to live
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Key points $200 million funding per year for 5 years Competitive grants program Local Govt and incorporated NFPs are eligible to apply for grants of
between $20,000 and $10 million Grant funding must be matched in cash on at least a dollar for dollar basis Projects must be for ‘investment ready’ capital projects and support
economic growth and sustainability, particularly in disadvantaged regions Applications are submitted on line from an online portal
http://gms.infrastructure.gov.au/Ul and supporting docs are uploaded as with the application
Round One deadline for applications is 5pm local time, 28 November 2014 Round Two will open on 1 May 2015 and close 31 July 2015 Applications to be appraised by the Department of Infrastructure and
Regional Development who will make recommendations to a Ministerial Panel
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Eligibility – Who?• Eligible Organisations
Local councils Not-for-profit organisations (not owned by a Local, State or Territory Gov)Other organisations can participate where they are a member of a
consortium led by an eligible applicant
• Ineligible OrganisationsX State and Northern Territory governmentsX State and Territory owned corporations and NFPsX Universities, TAFE, schools and hospitalsX RDA committeesX For profit organisations
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Eligibility – What?• Eligible Projects
Investment-ready projects which involve the construction of new infrastructure, or the upgrade, extension or enhancement of existing infrastructure
Grant of at least $20,000 and up to $10MCo-funding in cash on at least $1 for $1Economic benefit must be delivered to the region beyond the period of
constructionCompleted by 31 December 2019
• Ineligible Projects are those that x Do not deliver sustainable economic benefitsx Are eligible for funding under the National Disaster Relief and Recovery
Arrangements (NDRRA)x Seek to shift costs from State or Local Gov to the Commonwealth; and/orx Are integral elements of hospitals (which are funded by other Gov initiatives)
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Assessment Criteria – Economic Growth
Criterion 1: the extent to which the Project/Sub-Project contributes to economic growth in the region (50% weighting)
More efficient use of resources Increases in productivity or capacity Creation of direct and indirect employment (beyond construction) Increases to exports and/or import replacement Increases in industry economic competitiveness More efficient supply chains Diversification of the industrial base and local businesses Increases to local capability to access funding and deliver projects
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Assessment Criteria – Addresses disadvantage
Criterion 2: Demonstrate the extent to which the Project/Sub-Project supports or addresses disadvantage in a region (16.66% weighting)
Using indexes such as the Socio-Economic Index for Areas (SEIFA) Use data such as Unemployment data, average income data, average
weekly earnings, number of welfare recipients, number of single income families etc… (Use data available on sources such as http://profile.id.com.au/ or http://statistics.oesr.qld.gov.au/ or http://www.abs.gov.au/
Significant population change – Both increases and decreases
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Assessment Criteria - Partnerships
Criterion 3: the extent to which the Project/Sub-Project increases investment and builds partnerships in the region (16.66% weighting)
Partner contributions Number of significant partners (do not have to be eligible
organisations) In-kind support for the project
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Assessment Criteria – Viability and sustainability
Criterion 4: the extent to which the Project/Sub-Project and Applicant are viable and sustainable (16.66% weighting)
The applications financial position Quality of supporting documentation Whether all appropriate planning, building, zoning, environmental and
other approvals are in place or will be in place within 6 months of the project agreement being signed
Is the project ‘Investment Ready’ – That is will it be ready to start construction within 12 months of signing the finding agreement
The Applicant’s history in managing grant funding Any and all risks
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Role of RDA Sunshine CoastPromoting the NSRF and helping to identify potential infrastructure
projects that contribute to long term economic growthIdentification of regional prioritiesBring parties together with respect to projectsAssisting proponents with applications
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RDA Sunshine Coast Regional Roadmap Priorities
Economic Development Health and wellbeing Agribusiness Regional Economic Development Strategy
Investment in Infrastructure Transport infrastructure (Broadband, road, rail and airport(s).)
Digital Innovation Digital Sunshine Coast
Human Capital Skilled workforce and youth employment
Sustainable Communities
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Key datesNSRF Announced
1 October 2014NSRF Guidelines Published
1 October 2014Round One Applications Open
1 October 2014Round One Applications Close 5pm 28 November 2014Round One Application Assessment Completed
31 March 2015Announcements of Round One Projects to be funded
May 2015Round Two Applications Open
1 May 2015Round Two Applications Close
31 July 2015Round Two Application Assessment Completed 31 October 2015Announcement of Round Two Projects to be fundedDecember 2015
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How to apply
• Via the online application form at http://gms.infrastructure.gov.au/UI along with supporting documents (up to 20) to be uploaded (page 9 of the guidelines)
• Guidelines, Frequently Asked Questions, Sample Application Form on the Department of Infrastructure and Regional Development’s website – www.infrastructure.gov.au/nsrf
• Questions can be emailed to [email protected]
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Contact details
Russell MasonCEO, RDA Sunshine CoastMob: (07) 5475 9717Email: [email protected]
Questions / DiscussionThis presentation is intended as an overview only – for
the full guidelines visit www.infrastructure.gov.au
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