REGIONAL GROWTH FUND DELIVERS FOR THE SOUTH WEST

The proponents of an infrastructure project in the south west have been invited to submit a Full Business Case for assessment under the Australian Government’s highly anticipated $272.2 million Regional Growth Fund.

Member for Forrest, Nola Marino, said this is exciting news for the region as the first stage of the assessment process has been highly competitive, with more than 300 applications received from state and territory governments, local governments, businesses and not-for-profit organisations.

“Nannup Timber Processing Pty Ltd has been invited to submit a Full Business Case which must meet the assessment requirements before funding will be approved.”

“The project involves the construction of the Nannup Plywood Veneer Peeling Facility and will employ 30 people during construction and over 60 when it is up and running,’ Ms Marino said.

“This is a pat on the back for our region, particularly for the community and businesses in Nannup. The project can drive economic growth and create jobs both immediately and in the longer term,” Ms Marino said.

“It is anticipated to start in December 2018 and be completed by February 2020.”

The Regional Growth Fund will provide grants of $10 million or more for major transformational projects that support long-term economic growth and create regional jobs.

“The projects selected for Stage 2 focus on building on existing strengths, re-invigorating industries and tapping into a region’s tourism potential.”

“Funding requests for these projects range from $10 million to $29 million, making the Regional Growth Fund a significant investor in our regions.”

More information is available at http://regional.gov.au/regional/programs/regional-growth-fund.aspx.