ClosedBusinessNational Development Stream

Green Iron Investment Fund - National Development Stream

Australian Government · Australia

The Green Iron Investment Fund - National Development Stream is a competitive Australian Government grant program providing at least $500 million to support early mover commercial-scale green iron projects. It helps fund upfront capital works for existing facilities and greenfield projects that can establish green iron production in Australia by March 2031.

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Closed

17 Feb 2026

Duration

to 2031-03-31

Location

Australia

Who Can Apply

• Lead applicant must have an active Australian Business Number. • Lead applicant must be registered for GST in Australia. • Lead applicant must be incorporated in Australia. • Subsidiaries of international companies may apply if they meet all eligibility requirements. • Joint applications and consortiums are permitted, with one eligible lead applicant. • Project must aim to meet the grant objectives and outcomes. • Project must be focused on capital works. • Project must establish a commercial-scale green iron facility. • Facility must have capacity to produce more than 1 million tonnes of green iron per annum. • Project must be an early mover and produce and sell green iron by 31 March 2031. • Minimum technology readiness level is 7 at the time of application. • Applicant must demonstrate financial and technological readiness. • Grant covers up to 25% of eligible project expenditure. • Applicant must fund at least 75% of eligible project expenditure from other sources. • Total grants from all government grant sources cannot exceed 65% of total eligible expenditure. • Project cannot be entirely funded from government-backed sources.
Applicants must be eligible entities 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. Subsidiaries of international companies may apply if they meet all eligibility requirements, and joint applications or consortiums are permitted with an eligible lead applicant. Projects must be commercial-scale green iron projects focused on capital works, aimed at establishing a green iron facility with capacity above 1 million tonnes per annum, and be producing and selling green iron by 31 March 2031. Applicants must demonstrate financial and technological readiness, including a minimum technology readiness level of 7, and show how at least 75% of eligible project expenditure will be funded from other sources. The grant covers up to 25% of eligible project expenditure, and total grants from all government grant sources cannot exceed 65% of total eligible expenditure. Projects cannot be entirely funded from government-backed sources.

What's Funded

Eligible projects are capital works focused on establishing a commercial-scale green iron facility in Australia, including existing facilities and greenfield projects. Funding supports eligible project expenditure for facilities that reduce iron ore into concentrated iron metal, with some connecting infrastructure eligible subject to caps.

Before you apply

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Expected Outcomes

Projects are expected to de-risk early mover capital investments, crowd in private investment, create economic benefits and jobs, deliver community benefits, establish or transition commercial green iron production capability, and contribute to emissions reduction in the steel value chain.

Grant not accepting applications

Applications for this round are closed. A new round may open in the future.

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Key Information

Applicant Types

companypartnershipother

Stage

growthestablished

Funding Purposes

capital_expendituresustainabilityinnovationcommercialisation

Keywords

green ironmanufacturingdecarbonisationcapital worksiron oresteel value chaincommercial scaleFuture Made in Australia

Official Grant Page

Australian Government

Frequently Asked Questions

1

What is the Green Iron Investment Fund - National Development Stream?

The Green Iron Investment Fund - National Development Stream is a business grant offered by Australian Government in Australia. The Green Iron Investment Fund - National Development Stream is a competitive Australian Government grant program providing at least $500 million to support early mover commercial-scale green iron projects. It helps fund upfront capital works for existing facilities and greenfield projects that can establish green iron production in Australia by March 2031.
2

Who is eligible for the Green Iron Investment Fund - National Development Stream?

  • Lead applicant must have an active Australian Business Number.
  • Lead applicant must be registered for GST in Australia.
  • Lead applicant must be incorporated in Australia.
  • Subsidiaries of international companies may apply if they meet all eligibility requirements.
  • Joint applications and consortiums are permitted, with one eligible lead applicant.
  • Project must aim to meet the grant objectives and outcomes.
  • Project must be focused on capital works.
  • Project must establish a commercial-scale green iron facility.
  • Facility must have capacity to produce more than 1 million tonnes of green iron per annum.
  • Project must be an early mover and produce and sell green iron by 31 March 2031.
  • Minimum technology readiness level is 7 at the time of application.
  • Applicant must demonstrate financial and technological readiness.
  • Grant covers up to 25% of eligible project expenditure.
  • Applicant must fund at least 75% of eligible project expenditure from other sources.
  • Total grants from all government grant sources cannot exceed 65% of total eligible expenditure.
  • Project cannot be entirely funded from government-backed sources.
3

When does the Green Iron Investment Fund - National Development Stream close?

Applications closed on 17 Feb 2026.
4

What activities are funded?

Eligible projects are capital works focused on establishing a commercial-scale green iron facility in Australia, including existing facilities and greenfield projects. Funding supports eligible project expenditure for facilities that reduce iron ore into concentrated iron metal, with some connecting infrastructure eligible subject to caps.
5

How do I apply for the Green Iron Investment Fund - National Development Stream?

Start by checking your eligibility using the free Beta Docs eligibility checker. If eligible, Beta Docs' AI-powered platform can help you draft, review, and refine your application to maximise your chances of success.

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