The newly established East Arnhem Economic Development Fund is now OPEN.
The Fund, established by DEAL, supports organisations to deliver sustainable economic development initiatives in the East Arnhem Land region. This Fund is an exciting element in the program of economic development support being delivered by DEAL, and it is a great opportunity to support East Arnhem Land to grow.
A total pool of $500,000 is available in the 2016/17 financial year. For information on the Fund, including project eligibility and selection criteria, see the below links.
Applications will be assessed by the DEAL Board.
Applicants are encouraged to speak with DEAL before making a submission. There is a requirement for applicants to contribute at least 50% of the total project cost. For new businesses, there will also be a requirement to provide a business plan and cash flow forecast, which can be compiled with the assistance of the Many Rivers Field Officer, Jarrod, who sits in our office.
For further support prospective applicants may like to consider looking into other common funding organisations for East Arnhem Land and their specific fund offerings, including:
- Northern Territory Government Regional Economic Development Fund
- Rio Tinto Gove Operations Community Investment
Applicants are also encouraged to use the Australian Government Department of Business’ Grant Finder online tool to find grants and other funding programs for your business from federal, state and territory governments, and some local councils. Using Grant Finder you can find a variety of government grants in many categories, including developing your business, innovation and education. Head to Grant Finder here.