The Australian Government will deliver two new regional programs in the 2022-23 October Budget to invest in community infrastructure in way that is transparent, fairer and more sustainable, with $ 1 billion committed over three years.

The Growing Regions Program will provide new opportunities for regional local councils and not-for-profit organisations through an annual open, competitive grants process.

The regional Precincts and Partnerships Program will provide a strategic, nationally consistent mechanism for funding and coordinating larger-scale projects that transform a place, to benefit communities in regional cities and wider rural and regional Australia.

The Government will consult on the guidelines to ensure best practice transparency and consistency of process, as well as fairer distribution of funds to ensure people can have confidence in the new programs.

Building Better Regions Fund Round 6 will not proceed.

More details on the two new programs will be available soon (watch this space).