The Tasmanian Government’s $10 million Building Projects Support Program is now accepting applications to fast-track shovel-ready projects to stimulate the state’s construction sector and support local jobs.
The Tasmanian Government said it recognised the important role the building and construction industry plays in rebuilding its economy, which is why this funding was allocated in the latest State Budget.
The program will be delivered through a single competitive grant funding round, providing funding of up to 25 per cent for community and commercial projects with a minimum construction cost of $2 million.
A maximum grant of $1 million is available per applicant, however applications outside these parameters may be eligible by exception on a case-by-case basis and considered within the merit-based assessment process.
Importantly, projects will have to be able to commence within six months of receiving funding approval.
This funding will mean projects that may not have proceeded or would be delayed without funding support can now get underway, delivering local benefits sooner.
For more information, guidelines and to apply, go to www.stategrowth.tas.gov.au.