Government grant funding up to $50 million to support emissions reductions
The Australian Powering the Regions Fund - Safeguard Transformation Stream is open for application.
The program will offer grant funding from between $500,000 and $50 million, on a 50:50 co-contribution basis, to successful, eligible applicants to reduce their emissions and contribute to meeting Australia’s emissions reduction targets.
Eligible applicants will:
Own or operate a trade-exposed Safeguard Mechanism facility that is not a new or expanded coal or gas production facility.
Hold an Australian Business Number (ABN),
Be an entity incorporated in Australia, or
Be a company limited by guarantee, or
Be an incorporated association.
Applicants can partner with one or more other organisations that also meet the eligibility criteria, with one lead applicant submitting the application.
Additional eligibility criteria apply.
Eligible projects must be delivered in one of the following locations:
On-site at any eligible facility, or
Shared infrastructure, with practice connection to an eligible facility and the grantee, located in Regional Australia (any area outside a Greater Capital City but including Kwinana)
The program aims to:
Support trade-exposed facilities covered by the Safeguard Mechanism to reduce thier emissions and contribute to meeting Australia’s 2030 (and 2050) emissions reduction targets.
Reduce the risk of carbon leakage, which occurs when a business responds to emissions reduction policies by moving emissions-intensive production to a country with less stringent policies.
Provide skills development to existing industrial workforce in new equipment or processes that contribute to the reduction of Scope 1 emissions.
Applications can be submitted at any time and will be assessed in batches:
Batch 1: 9 August 2023 - 1 November 2023
Batch 2: 2 November 2023 - 1 May 2024
Batch 3: 2 May 2024 - 1 November 2024
Information sessions will be provided online, and in Brisbane, Sydney, Melbourne and Perth.
For more information, access to the online application portal and to register for an information session click here.