Tasmania Jobs and Investment Fund

Tell me about the assistance

Support new projects that create sustainable business investment and job opportunities that will contribute to the strengthening of Tasmania’s economy.

  • Status: Open (not accepting applications)
  • Applications open: Yet to be determined
  • Delivered by: AusIndustry

Overview

The $24 million Tasmania Jobs and Investment Fund provides grants for businesses that want to grow and create jobs in Tasmania.

The fund will be competitive and merit based. It will be open to all industry sectors, including advanced manufacturing, tourism, agriculture and aquaculture.

The Fund will support new projects that create sustainable business investment and job opportunities that will contribute to the strengthening of Tasmania’s economy. The Fund will encourage applications from projects that generate new, sustainable business growth and jobs.

What support or funding is available?

The Tasmanian Jobs and Investment Fund offers funding for businesses that want to invest, grow and create jobs in Tasmania.

  • The minimum grant amount is $50,000.
  • There is no maximum grant amount but grants must be within the limit of $24 million total available funds.
  • You can apply for a grant up to a maximum of one third of the project costs.

Who can apply?

Round 1 closed on 12 February 2016.

In order to apply, your business must be:

  • a for-profit company registered and operating in Australia
  • non tax-exempt
  • registered for GST
  • a company with trading activities that are the majority of its overall activities.

You cannot apply if you are:

  • an individual
  • a partnership
  • a trust (however, an incorporated trustee that meets the trading activity requirements may apply on behalf of a trust), a Commonwealth, State or Local Government agency or body (including government business enterprises)
  • listed on the current Workplace Gender Equality Agency list of non-compliant organisations.

What are the eligibility criteria?

Round 1 closed on 12 February 2016.

Eligible projects must:

  • include at least $150,000 in eligible activities
  • generate economic growth and create sustainable jobs in Tasmania. The project cannot simply move business activity from other states and territories into Tasmania. Projects may include activities at multiple sites, provided the sites are within Tasmania
  • show activities that will continue after the project completion date can be undertaken without further grant funding.

Eligible activities include:

  • purchase of equipment and machinery
  • construction and/or fit-out of new infrastructure.

The Programme Delegate may approve additional eligible activities as long as they meet the Programme Guidelines.

Eligible expenditure:

  • is directly attributable to approved project eligible activities
  • was incurred by the business for approved project audit activities
  • was incurred by the business after the date AusIndustry notifies you that your application has been accepted as eligible and complete. If you start your project before entering a Funding Agreement with the Department, you do so at your own risk. You won’t receive grant funding until a Funding Agreement is in place
  • was incurred on or before the project completion date as set out in the Funding Agreement.

More information about the eligibility criteria is available in the Programme Guidelines.

What are the merit criteria?

Round 1 closed on 12 February 2016.

Your application must score highly against each of the following merit criteria to receive funding:

(a) the level of net economic benefit of the proposed project

(b) your capacity to match the funding for the project

(c) your capacity to successfully undertake the project

(d) the value for money offered by your project.

The merit criteria are equally weighted. More information about the merit criteria is available in the Programme Guidelines.

How do I apply?

You can only submit an application during a funding round. Round 1 closed on 12 February 2016. The application form is not currently available.

How will I know if I am successful?

You will receive written advice on the outcome of your application.

If you are successful, you will be sent a written offer of funding. You will need to enter into a Funding Agreement which will set out the terms of the grant funding.

The Ministers’ or their delegates’ decision is final and you won’t be able to get a review of a decision.

If you are unsuccessful, you will have the chance to discuss the outcome with AusIndustry.

How will payments be made?

You will receive grant funding as you reach milestones which are set out in the Funding Agreement. A final payment of 10% may be withheld until AusIndustry is satisfied that end of project reporting is met. You may need to provide an independent audit certificate before you receive the final payment. The audit certificate must cover all eligible expenditure.

Key documents

You might also be interested in