Green Iron Investment Fund - National Development Stream

Applicants must be eligible lead applicants able to enter into a legally binding arrangement with the Commonwealth. The lead applicant must have an Australian Business Number, be registered for GST in Australia, and be incorporated in Australia. A subsidiary of an international company may apply if it meets all eligibility criteria. Joint applications and consortiums are permitted, including with international partners, but only the lead applicant enters the grant agreement. Projects must be commercial-scale green iron projects focused on capital works, aimed at establishing a green iron facility with capacity to produce over 1 million tonnes per annum, and must be producing and selling green iron by 31 March 2031. Eligible applications require a minimum technology readiness level of 7. Applicants must demonstrate financial and technological readiness, including the ability to reach final investment decision within 18 months of grant agreement execution. The grant covers up to 25% of eligible project expenditure, applicants must fund at least 75% from other sources, projects cannot be entirely funded from government-backed sources, and total grants from all government grant sources cannot exceed 65% of total eligible expenditure over the life of the project.