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.