Regional development
 

Funding. All you need to know.

Regional development

Tasmanian Government Innovation and Investment Fund


The objective of the Tasmanian Government Innovation and Investment Fund (TGIIF) is to assist Tasmanian businesses (or groups of eligible businesses) to invest in innovative projects that will significantly improve their sustainability, performance, growth and productivity. The intention is to generate new investment and create sustainable high quality, skilled jobs that help diversify and strengthen Tasmania’s regional economy.

TGIIF is aligned with the Tasmanian Government’s Economic Development Plan and responds to the state’s regional employment challenges.

This program provides one-off project grants of up to $250 000 per project to eligible applicants.

Three previous rounds of TGIIF grants have been completed, delivering funding for 57 projects throughout our regions.

In Round One, 10 applicants were successful in receiving grant funding, which totalled $1.8 million, leveraging a further $5.9 million of private investment. These projects are expected to create 122 jobs in their first 12 months and will have a significant effect on retaining existing employment in these businesses. A list of projects funded in Round One is available here.

In Round Two, 25 applicants received a total of $3.5 million, which will leverage a further $15.2 million of private investment. These projects are expected to create 262 jobs in their first 24 months. A list of projects funded in Round Two is available here.

In Round Three, 22 applications have been successful receiving a total of $3.1 million, which will generate around $16.2 million of investment and create approximately 350 jobs in their first 24 months. A list of projects funded in Round Three is available here.































 

 

 

This page has been produced by the Department of Economic Development, Tourism and the Arts. Questions or comments concerning the contents of the site can be directed to the webmaster by email to info@development.tas.gov.au.

The URL for this page is: http://www.development.tas.gov.au/economic/funding/grants/regional_development    This page was last modified on 16th December 2013.