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NSW Forest Industries Innovation Fund

ClosedGrant Closes: Ongoing Value: Up to $5 Million Run By: Rural Assistance Authority Further Information: https://www.raa.nsw.gov.au/loans/nsw-forest-industries-innovation-fund

The scheme will provide long-term low-interest loans to projects that contribute to supporting NSW industry innovation and the exploration of new markets for forest products. Projects must contribute to improving economic growth and productivity in the Forestry and Forest Products Industry, and have a positive impact on regional economies

The Forest Industries Innovation Fund is part of the NSW Government’s Forestry Industry Roadmap. Applications must meet one or more of the following objectives:

  • Improve the profitability of the NSW timber industry and drive employment growth.
  • To drive new investment and innovation to enhance the NSW forestry industry.
  • Position the NSW forest industry to adjust and capitalise on new opportunities.

The rate of 2.5% will be applied at the date on which the loan is approved and fixed for the term of the loan, which can be for up to 20 years.

Last Updated: 19th of November 2022
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