Government grants up to $5 million for securing of raw materials

The Securing Raw Materials Program is offering Government Grants from $250,000 and up to $5 million on a 50:50 co-contribution basis to help businesses to move or expand into regional areas to undertake research and/or development of innovative locally sourced raw materials.

Funding can be used toward:

• research and/or development of innovative and locally sourced raw material supplies and capitalise on a regions comparative advantages

• increase economic activity, diversity and jobs in regional ares, including by establishing new industry sectors, businesses and suppliers

• support and strengthen partnerships between industry and regional universities and research organisations in regional areas

Eligible applicants must:

• have an ABN

• be an entity incorporated in Australia and a trading corporation

• have at least 10 full time staff who will work in the new regional area

Eligible projects must:

• include a partnership with a regional university or research organisation

• have at least $500,000 in eligible expenditure

• include your business relocating or expanding from a capital city to a regional area or expand from one regional area into a different regional area

Applications close at 5PM (AEDT_ on 24 February 2022.

For more information and links to the online application form click here.