Rural Economic Development  (RED) Grants now open

Grants of up to $200,000

 

Millions of dollars are up for grabs for rural businesses to grow and to create hundreds of more jobs in the Banana Shire with expressions of interest now open for the next round of The Rural Economic Development Grants

Grants of up to $200,000 are available with a 50% cash contribution requirement from applicants to fund projects which provide unique opportunities to generate jobs related to primary production value chains across rural and remote Queensland. These could include:

• The development of new products or markets
• Improved business processes where such investment creates employment

The funding may also be used for activities such as capital expenditure on buildings and plant and equipment costs. In addition, it could be used for training costs and technical support that are project-specific as well as salary and on-costs for staff and professionals working on activities for the funded project.

Applications are open now and close on December 13.

Guidelines are available on the Banana Shire Website

For further information visit The Queensland Rural and Industry Development Authority website. https://www.qrida.qld.gov.au/program/rural-economic-development-grants

Rural Economic Development Grants Guidelines: https://www.banana.qld.gov.au/downloads/file/6384/red-grant-round-4-guidelines