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Resources for Regions

Published 30th June, 2017

To support job creation and economic growth in mining communities in regional NSW. This fund will help build infrastructure across health, water, road, education, tourism and CBD renewals to attract new business, tourists and residents.

Resources for Regions aims to deliver improved local infrastructure to mining-related communities and improve economic growth and productivity in NSW.

While the mining industry makes a significant contribution to the economic prosperity of the state, the NSW Government recognises that this mining activity can place additional stress on regional communities and infrastructure.

Resources for Regions demonstrates a commitment by the NSW Government to support these communities through improvements to the local infrastructure they need to activate their economies such as road and rail infrastructure, water and sewerage systems and social infrastructure such as childcare centres.

Round 6 opens on 12 June

Up to $50 million is available for Resources for Regions Round 6 in 2018-19. Eligible applicants can submit an Expression of Interest during the application period 12 June-23 July 2018.

Resources for Regions Round 5 successful projects will be listed on this website soon.

Purpose of funds

Resources for Regions is for projects that promote the development of economic and social infrastructure.

Economic infrastructure includes roads, rail, facilities that improve the movement of freight, airports, and local water and sewerage projects and Aboriginal and Torres Strait Islander employment and businesses. Social infrastructure includes recreational facilities, childcare services and other infrastructure related to the delivery of community services.

The minimum grant amount is $1 million and there is no maximum grant amount. All projects must have a minimum financial co-contribution of 25 per cent of the total grant amount. The co-contribution for the project must be from sources other than the NSW Government and commitments must be confirmed before detailed applications are assessed.

An exemption from the minimum 25 per cent co-contribution may be granted where a project is located in a disadvantaged area of NSW. The program guidelines contain more information on this exemption.

Assessment

Eligible projects will be assessed against four program criteria.

Criteria 1: Strategic assessment

Applicants need to demonstrate that projects will meet the statutory purpose of the Restart NSW Fund to improve economic growth and productivity in NSW. For the purposes of Resources for Regions, funding must be used to improve local infrastructure in regional areas that are mining-related.

Criteria 2: Economic assessment

Applicants must demonstrate how projects will have a positive impact on productivity and economic growth in NSW through the creation or enhancement of publicly owned assets.
Examples include projects that:
• provide new or diversified employment opportunities
• improve mining industry productivity
• reduce the social impact of mining.

Criteria 3: Affordability

Applicants need to demonstrate that the project is affordable given the available funding. Project applications need to include construction, operating and maintenance costs (supported by estimates or quotes and including all margins and overheads), project and construction management costs and an appropriate amount of contingency for the project stage and risks.

Criteria 4: Deliverability

Applicants need to demonstrate that they have the capacity to deliver projects through robust strategies for procurement, project management and risk management. Past performance on delivering NSW Government funded projects will be considered.

Published 30th June, 2017
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