The Northern Territory Government has established a $89 million co-investment fund to accelerate major and significant projects. The fund will support economic transformation projects and will help high growth potential Territory businesses to increase exports of goods and services both interstate and internationally.
The Local Jobs Fund suite of programs include:
- Loan Guarantees to support fast-growing Territory businesses to expand and create new Territory jobs. The guarantee will be issued in favour of lending institutions and provide funds for appropriate investments, including for the expansion of production capacity or export capability development.
- Business Investment Concessional Loans to de-risk project opportunities, bring forward private investment and deliver projects to final investment.
- Equity Co-Investments to provide equity capital to high potential and innovative Territory ventures to secure funding and accelerate business development and growth into national and global markets.
- Grants:
- Priority Sector Collaborative Grants provide funding for consortia within Territory priority growth and developing sectors to collaboratively progress sector-wide initiatives which will advance local industry capability, innovation and business development.
- Infrastructure Grants for economically transformational projects which clearly demonstrate that new and enduring Territory jobs will be delivered and that broader benefits to the Territory which result in a step-increase in economic activity and output. Infrastructure grants will be selected through a separate open competitive process.
For more information and to apply, go to the Local Jobs Fund website.
Article last updated on 12 October 2021