ClosedBusinessRound 1

Powering the Regions Fund - Safeguard Transformation Stream Round 1

Australian Government · Australia

The Powering the Regions Fund - Safeguard Transformation Stream Round 1 provides grants to trade-exposed Safeguard Mechanism facilities to reduce emissions. Funding supports projects that help meet Australia’s emissions reduction targets and reduce carbon leakage risks.

Official Grant Page

Funding

$500K – $50M

Closed

1 Nov 2024

Duration

up to 4 years

Location

Australia

Who Can Apply

Owners or operators of a trade-exposed Safeguard Mechanism facility Facility must not be a new or expanded coal or gas production facility Project must reduce emissions at the eligible facility Grant covers up to 50% of eligible project expenditure
Applicants must be owners or operators of a trade-exposed Safeguard Mechanism facility. The facility must not be a new or expanded coal or gas production facility. Grants are for projects that reduce emissions at eligible facilities, with funding from $500,000 to $50,000,000 covering up to 50% of eligible project expenditure. Applications were assessed in batches across the round period.

What's Funded

Projects at trade-exposed Safeguard Mechanism facilities that reduce emissions, including investment in new equipment or processes and associated skills development for the existing industrial workforce.

Expected Outcomes

Reduced emissions at trade-exposed Safeguard facilities, contribution to Australia’s 2030 and 2050 emissions reduction targets, reduced carbon leakage risk, and workforce capability development in new low-emissions equipment or processes.

Key Information

Applicant Types

companyother

Stage

established

Funding Purposes

sustainabilitytrainingcapital_expenditure

Keywords

emissions reductionsafeguard mechanismtrade-exposed facilitiesdecarbonisationindustrial transformationcarbon leakageenergy transitionworkforce skills

Frequently Asked Questions

What is the Powering the Regions Fund - Safeguard Transformation Stream Round 1?

The Powering the Regions Fund - Safeguard Transformation Stream Round 1 is a business grant offered by Australian Government in Australia, providing $500K – $50M in funding. The Powering the Regions Fund - Safeguard Transformation Stream Round 1 provides grants to trade-exposed Safeguard Mechanism facilities to reduce emissions. Funding supports projects that help meet Australia’s emissions reduction targets and reduce carbon leakage risks.

How much funding does the Powering the Regions Fund - Safeguard Transformation Stream Round 1 provide?

The Powering the Regions Fund - Safeguard Transformation Stream Round 1 provides $500K – $50M in funding. The typical project duration is up to 4 years.

Who is eligible for the Powering the Regions Fund - Safeguard Transformation Stream Round 1?

Owners or operators of a trade-exposed Safeguard Mechanism facility Facility must not be a new or expanded coal or gas production facility Project must reduce emissions at the eligible facility Grant covers up to 50% of eligible project expenditure

When does the Powering the Regions Fund - Safeguard Transformation Stream Round 1 close?

Applications closed on 1 Nov 2024.

What activities are funded?

Projects at trade-exposed Safeguard Mechanism facilities that reduce emissions, including investment in new equipment or processes and associated skills development for the existing industrial workforce.

How do I apply for the Powering the Regions Fund - Safeguard Transformation Stream Round 1?

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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