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Funding opportunities

Financial support for waste and resource recovery infrastructure is available from a range of government agencies at both State and Commonwealth (Federal) levels.

Funding support from government departments is generally (but not always) characterised by the following features:

  • A grant awarded via a competitive process
  • A co-funding requirement, whereby the grant recipient must commit to financially contributing to the amount stipulated in the grant agreement
  • Awarded to undertake an agreed set of specified actions within the scope of the grant
  • Paid to recipient upon the achievement (and proof) of agreed milestones

Government agencies that are not departments, such as the CEFC, provide more varied financial support mechanisms such as debt and equity financing, based on commercial interest rates (or discounts thereof).

Local government (councils) can sometimes also provide financial assistance, often through economic development agencies within council. To contact a relevant local council, see here for a list of all 79 councils in Victoria.

Victorian Government agencies

Sustainability Victoria Logo

In the May 2016 State Budget, Sustainability Victoria was allocated $16 million to promote growth and investment in the resource recovery sector.

Of this $16 million, the following was allocated to funding support programs over four years, which are now in development.

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Department of Environment, Land, Water and Planning

$20 million New Energy Jobs Fund is designed to support Victorian-based projects that create long-term sustainable jobs, increase the uptake of renewable energy generation, reduce greenhouse gas emissions and drive innovation in new energy technologies. The third grant round is expected to open late 2017.

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Department of Economic Development, Jobs, Transport and Resources

The $200 million Future Industries Fund is administered by the (Victorian) Department of Economic Development, Jobs, Transport and Resources. It is focused on industry sectors that have the potential to drive significant jobs growth and attract investment into the future.

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Regional Development Victoria

The Regional Jobs and Infrastructure Fund (RJIF) is the Victorian Government’s overarching regional development package.

It will invest in growing jobs, building infrastructure and strengthening communities in regional Victoria.

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LaunchVic logo

LaunchVic works in partnership with entrepreneurs, industry, business, the community and our educational institutions to strengthen Victoria’s entrepreneurial and startup ecosystem. Their focus is to invest in the infrastructure of Victoria’s startup ecosystem.

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Commonwealth agencies

Australian Renewable Energy Agency logo

ARENA has approximately $2.5 billion in funding, which is legislated and extends until 2022.

ARENA funds activities that are expected to advance renewable energy technologies, improve business models or reduce industry costs.

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Clean Energy Finance Corp logoThe CEFC invests to increase the flow of finance into the clean energy sector. The CEFC also invests with co-financiers to develop new sources of capital for the clean energy sector, including climate bonds, equity funds, aggregation facilities and other financial solutions.

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CSIRO logo

ON is Australia's national science and technology accelerator, powered by CSIRO. ONPrime and ONAccelerate embraces a get-out-of-the-building approach to learning, by encouraging hands-on, practical learning and business model development.

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Want to know more? Get in touch with:

Investment facilitation

Sustainability Victoria

+61 3 8626 8746

invest@sustainability.vic.gov.au