Applications are now open for our $10 million Building Projects Support Program, which will bring forward shovel-ready projects to help stimulate Tasmania’s construction sector and support local jobs.
The Tasmanian Liberal Government recognises the important role the building and construction industry plays in rebuilding our 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, and so we get money flowing through the sector and local businesses as quickly as possible to stimulate the economy and support jobs, 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.
The Tasmanian Liberal Government’s plan to recover and rebuild is working, and it’s smart investments like this that will ensure we come out of the pandemic stronger than ever.
For more information, guidelines and to apply, go to www.stategrowth.tas.gov.au