Securing Raw Materials Program Round 2

The Securing Raw Materials Program provides businesses with up to $5 million to relocate or expand into regional Australia and partner with a regional university or research organisation to undertake research into, and/or development of, innovative and locally sourced raw material supplies (including establishing new suppliers or products and value adding to existing known supplies). The program recognises that establishing or securing a supply of raw materials is a crucial element of business success.

The program will:

• support research into and/or development of innovative and locally sourced raw material supplies and capitalise on a region’s comparative advantages
• increase economic activity, diversity and jobs in regional areas, including by establishing new industry sectors, businesses and suppliers
• support and strengthen partnerships between industry and regional universities and research organisations located in regional areas.

The intended outcomes of the program are:

• industry growth and economic resilience in regional Australia
• stronger supply of, and access to, innovative and improved raw materials for industry
• increased research, investment and economic capacity in Australia’s regions.

There is a total of $29 million over four years available for this grant round.

Grants will be from $250,000 to $5,000,000. The grant amount will be up to 50% of eligible project costs.