Securing Raw Materials Program Round 2

Overview

The Securing Raw Materials Program provides businesses with up to $5 million to relocate or expand into regional Australia and partner with a regional university or research organisation to undertake research into, and/or development of, innovative and locally sourced raw material supplies (including establishing new suppliers or products and value adding to existing known supplies). The program recognises that establishing or securing a supply of raw materials is a crucial element of business success. The program will: support research into and/or development of innovative and locally sourced raw material supplies and capitalise on a region’s comparative advantages increase economic activity, diversity and jobs in regional areas, including by establishing new industry sectors, businesses and suppliers support and strengthen partnerships between industry and regional universities and research organisations located in regional areas. The intended outcomes of the program are: industry growth and economic resilience in regional Australia stronger supply of, and access to, innovative and improved raw materials for industry increased research, investment and economic capacity in Australia’s regions. There is a total of $29 million over four years available for this grant round. Grants will be from $250,000 to $5,000,000. The grant amount will be up to 50% of eligible project costs.