The Collie Futures Industry Development Fund will provide support for significant industry-led proposals that will contribute to economic development and diversification of the regional economy. Industry-led proposals provide a mechanism for government to leverage private sector expertise and initiatives to support development of new industries.
Under the Collie Futures Industry Development Fund, funding will be available to new projects which are able to demonstrate a significant and sustainable impact on the local economy through both increased productivity and creation of jobs. Specifically, funding (up to a maximum of $2 million) will be made available for activities to support commercialization and implementation of identified substantial business opportunities.
To be eligible for consideration, an application must be made online using the SmartyGrants Portal established for the Collie Futures Industry Development Fund and:
- clearly demonstrate alignment of the proposal outcomes with the above objectives of the Collie Futures Fund;
- clearly demonstrate impact on the regional economy within a journey-to-work zone of up to 50 kilometers from the Collie town site;
- include a summary project plan, including high-level project outcomes and deliverables, a timeline, details of the project budget, resources, risks, statutory approval requirements, stakeholder engagement and evaluation (note funded activities must be completed within 2 years of the funding agreement being signed);
- be seeking up to a maximum of $2 million Collie Futures Fund funding and include a funding contribution from the applicant (all Collie Futures Fund funding must be matched by a minimum, secured cash co-contribution of $1 for every $1 funded); and
- be made by a valid legal entity that can enter into a funding agreement with the Western Australian Government.
Applications will be primarily considered from private sector businesses, including small to medium sized businesses. However, applications will also be considered from local government authorities, business and industry groups (such as industry peak bodies and business associations), not-for-profit organisations and community groups with a valid Australian Business Number (ABN) or Australian Company Number (ACN).
Government Trading Enterprises are ineligible to apply to the fund.