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Targeted Support for Tourism in Upcoming BBRF Round

This week the Australian Government announced the allocation of $250 million of funding for regional Australia. $50 million for the Regional Tourism Recovery Initiative (which does not include the Northern Inland) and $200 million for an upcoming round of the Building Better Regions Fund. The funding aims to encouraging more Australians to travel and experience a home-grown holiday, boosting regional jobs and local economies.

Deputy Prime Minister and Minister for Infrastructure, Transport and Regional Development Michael McCormack said the package would deliver targeted support for regional tourism.

“By investing $200 million in an additional round of the Building Better Regions Fund we are investing $200 million in securing regional Australia’s future,” the Deputy Prime Minister said.

“This Budget will set aside $200 million for projects to boost local infrastructure in regional communities, $100 million of which will be dedicated to tourism-related infrastructure. We know every dollar spent on building local communities is a dollar well spent and that is at the heart of our economic plan for a more secure and resilient Australia.”

Assistant Minister for Regional Development and Territories Nola Marino said BBRF Round 5 presents a great opportunity for regional communities to see the benefit of continued investment.

“BBRF has been such a successful program, with regional, rural and remote Australia reaping the rewards,” Assistant Minister Marino said. “Local jobs, local procurement, local upgrades and local wins – that’s what BBRF means to communities across the country.”

BBRF Round 5 will be delivered like its previous four rounds, with Infrastructure Project and Community Investment streams. Grant Opportunity Guidelines will be made available shortly, consistent with the existing BBRF framework, to assist potential applicants.

Having your project ready before grants open can be very beneficial to the outcome of an application. Now is the time to start preparing for the upcoming round of the Building Better Regions fund for anyone that plans to apply. If you would like assistance with your application, please contact our office on 6771 0700 or rdani@rdani.org.au to find out how we can help.

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