Open NowBusinessRound 2

Powering the Regions Fund – Safeguard Transformation Stream Round 2

Australian Government · Australia

This Australian Government grant provides between $500,000 and $50 million to trade-exposed Safeguard Mechanism facilities to reduce emissions. It supports projects that cut scope 1 emissions and contribute to Australia’s 2030, 2035 and 2050 emissions reduction targets.

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Funding

$500K – $50M

Deadline

6 May 2027

Duration

up to 60 months

Location

Australia

Who Can Apply

• Must be an owner or operator of a trade-exposed Safeguard Mechanism facility that is not a new or expanded coal or gas facility. • Must have an Australian Business Number and be incorporated in Australia, a company limited by guarantee, or an incorporated association. • Project must reduce emissions, have eligible expenditure, and be completed by 31 March 2033 within a maximum of 60 months. • Shared infrastructure projects must be in Regional Australia and have a practical connection to an eligible facility.
Applicants must be an owner or operator of a trade-exposed Safeguard Mechanism facility that is not a new or expanded coal or gas production facility. Applicants must have an active Australian Business Number and be an entity incorporated in Australia, a company limited by guarantee, or an incorporated association. Projects must be eligible, have eligible expenditure, and be completed by 31 March 2033 with a maximum project period of 60 months. Projects must contribute to Australia’s emissions reduction targets and be delivered either on-site at an eligible facility anywhere in Australia, or as shared infrastructure with a practical connection to an eligible facility and the grantee in Regional Australia, defined as outside a Greater Capital City but including Kwinana. Ineligible applicants include owners of trade-exposed Safeguard facilities that are also new or expanded coal or gas facilities, organisations or project partners on the National Redress Scheme list of institutions that have not joined or signified intent to join, and employers of 100 or more employees that have not complied with the Workplace Gender Equality Act 2012.

What's Funded

Eligible activities include on-site emissions reduction projects at eligible Safeguard facilities and shared infrastructure projects with a practical connection to an eligible facility. Funding can support plant and equipment, leased or constructed plant, labour, contract costs, staff training directly supporting project outcomes, decommissioning old equipment, and limited FEED studies where permitted.

Expected Outcomes

Projects are expected to reduce scope 1 emissions at trade-exposed Safeguard facilities, support compliance with the Safeguard Mechanism, reduce carbon leakage risk, and build workforce capability in new low-emissions equipment or processes.

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Key Information

Applicant Types

companynon_profitother

Stage

established

Funding Purposes

sustainabilitycapital_expendituretrainingother

Keywords

emissions reductionsafeguard mechanismtrade-exposed facilitiesdecarbonisationscope 1 emissionsregional infrastructureplant and equipmentindustrial transformation

Frequently Asked Questions

What is the Powering the Regions Fund – Safeguard Transformation Stream Round 2?

The Powering the Regions Fund – Safeguard Transformation Stream Round 2 is a business grant offered by Australian Government in Australia, providing $500K – $50M in funding. This Australian Government grant provides between $500,000 and $50 million to trade-exposed Safeguard Mechanism facilities to reduce emissions. It supports projects that cut scope 1 emissions and contribute to Australia’s 2030, 2035 and 2050 emissions reduction targets.

How much funding does the Powering the Regions Fund – Safeguard Transformation Stream Round 2 provide?

The Powering the Regions Fund – Safeguard Transformation Stream Round 2 provides $500K – $50M in funding. The typical project duration is up to 60 months.

Who is eligible for the Powering the Regions Fund – Safeguard Transformation Stream Round 2?

• Must be an owner or operator of a trade-exposed Safeguard Mechanism facility that is not a new or expanded coal or gas facility. • Must have an Australian Business Number and be incorporated in Australia, a company limited by guarantee, or an incorporated association. • Project must reduce emissions, have eligible expenditure, and be completed by 31 March 2033 within a maximum of 60 months. • Shared infrastructure projects must be in Regional Australia and have a practical connection to an eligible facility.

When does the Powering the Regions Fund – Safeguard Transformation Stream Round 2 close?

Applications close on 6 May 2027.

What activities are funded?

Eligible activities include on-site emissions reduction projects at eligible Safeguard facilities and shared infrastructure projects with a practical connection to an eligible facility. Funding can support plant and equipment, leased or constructed plant, labour, contract costs, staff training directly supporting project outcomes, decommissioning old equipment, and limited FEED studies where permitted.

How do I apply for the Powering the Regions Fund – Safeguard Transformation Stream Round 2?

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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