Resources for Regions
The Resources for Regions program aims to deliver improved local infrastructure to mining-affected 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.
The Resources for Regions program 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.
Up to $50 million was available in the 2017-18 Resources for Regions program.
Shortlisted applications are now being assessed.
The Resources for Regions Fund has closed.
The NSW Government received 69 applications to support projects in regional local government areas that are mining affected to a significant degree.
Assessment of 17 shortlisted projects is underway and successful projects will be announced in early 2018.
Purpose of funds
The Resources for Regions program 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.
Social infrastructure includes recreational facilities and childcare services and includes projects that support affordable housing and Aboriginal and Torres Strait Islander employment and businesses.
No minimum or maximum funding amount for projects has been set for the Resources for Regions program. Financial co-contributions to projects are strongly encouraged and the program targets a 50 per cent co-contribution rate.
Eligible projects will be assessed against four program criteria.
Criteria 1: Strategic assessment
Applicants must 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 the Resources for Regions program, funding must be used to improve local infrastructure in regional areas that are significantly affected by mining operations.
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 must demonstrate that the project is affordable given the available funding. Project applications must include construction, operating and maintenance costs, supported by estimations 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.
Projects with a co-contribution from other sources will be assessed favourably.
Criteria 4: Deliverability
Applicants must 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.
Webinar for shortlisted applicants
The application process is focused on the needs of applicants. To help shortlisted applicants put forward the best proposal NSW Government held a webinar on 30 November 2017.
Some common questions and answers about preparing the detailed application have also been prepared to assist applicants.