The Securing Raw Materials Program provides businesses with up to $5 million to relocate or expand into regional Australia and partner with a regional university or research organisation to undertake research into, and/or development of, innovative and locally sourced raw material supplies (including establishing new suppliers or products and value adding to existing known supplies). The program recognises that establishing or securing a supply of raw materials is a crucial element of business success.
The program will:
- support research into and/or development of innovative and locally sourced raw material supplies and capitalise on a region’s comparative advantages
- increase economic activity, diversity and jobs in regional areas, including by establishing new industry sectors, businesses and suppliers
- support and strengthen partnerships between industry and regional universities and research organisations located in regional areas.
The intended outcomes of the program are:
- industry growth and economic resilience in regional Australia
- stronger supply of, and access to, innovative and improved raw materials for industry
- increased research, investment and economic capacity in Australia’s regions.
There is a total of $29 million over four years available for this grant round.
Grants will be from $250,000 to $5,000,000. The grant amount will be up to 50% of eligible project costs.
Australian trading corporations who will relocate or expand to a regional area, conduct a research project and will have at least 10 full-equivalent employees at the new site can apply.
Closing date: 24th Feb 2022 05:00 PM AEDT
