RDA Illawarra_National Stronger Regions Fund Presentation - Feb2016
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Transcript of RDA Illawarra_National Stronger Regions Fund Presentation - Feb2016
• $1 billion Australian Government programme
• Funding over five years for priority infrastructure
• Promoting sustainable economic development
• Addressing disadvantage to achieve growth
• Encouraging strong partnerships
NSRF Overview
NSRF Desired Outcomes
Improved level of economic activity
Increased productivity in regions
Increased employment and a more skilled workforce
Increased capacity and capability of regions to
deliver major projects and secure investment
Improved partnerships
More stable and viable communities
NSRF Applications
Round One Round Two
Applications received 405 514
Total funding requested $1.2b $1.5b
Eligible applications 272 (67%) 430 (84%)
Value (met all criteria) 162 (40%) 274 (53%)
Approved for funding 51 111 (18%*)
Total funding approved $212.2m $293.4m
• Application period = 15 Jan 2016 to 15 March 2016
• Grants are between $20,000 and $10 million
• Grants are for capital infrastructure involving the
construction of new or upgraded infrastructure
• Local Governments and Not-for-Profit organisations
are eligible to apply
• There is a partner funding requirement to increase
investment in the region
• Two applications per applicant permitted
NSRF Round Three Overview
1. The lead applicant of a consortium must make a
financial or in-kind contribution to the project
2. Considerations in funding decisions
(i) Level of funding already allocated to an applicant
in previous rounds of NSRF; and
(ii) Geographical distribution of funding in this and
previous rounds of NSRF
3. All applications will be listed on the Department’s
website following the close of the application period
Key changes for Round Three
NSRF Process Flowchart
• Guidelines published
• Submit application
• Appraisal
• Advice to Government
• Decision
• Notification
• Contract
• Delivery
• Evaluation
Eligible applicant (check against guidelines criteria)
Eligible project (check against guidelines criteria)
Seek $20,000 to $10 million
Have confirmed partner funding to the correct value
Provide evidence of partner funding
Will complete the NSRF funded component by
31 December 2019
Deliver an economic benefit to the region beyond the
period of construction
Submit a completed application
Eligibility Requirements
Assessment Criteria
3/7, 43%
2/7, 29%
1/7, 14%
1/7, 14%
1. Economic Growth
2. Disadvantage
3. Investment / Partnerships
4. Viable / Sustainable
Assessment Criterion 1 – 43%
The extent to which the project contributes to
economic growth in the region
Most important criterion and weighted by a factor of
three
Demonstrate the link between the project and
economic growth
Define and quantify the economic growth
Provide evidence to support all claims
Identify any social and community benefits
Assessment Criterion 2 – 29%
The extent to which the project addresses
disadvantage in a region
Quantify the disadvantage in the region and the
expected reduction in disadvantage
Demonstrate link between project and disadvantage
Support all claims with evidence
See FAQs for more information
Assessment Criterion 3 – 14%
The extent to which the project increases investment
and builds partnerships in the region
Partner contributions in addition to the mandatory
requirement are highly regarded
Number of partners
In-kind support for the project
Extent and nature of partnerships
Assessment Criterion 4 – 14%
The extent to which the project and Applicant are
viable and sustainable
The project has been scoped, costed and planned
The project is ‘Investment Ready’
Risks and mitigations are identified
The applicant has the capacity to deliver the project
The project is sustainable beyond completion
Value for Money
ValueMeet
eligibility requirements
Contributes to economic
growth
Addresses disadvantage
Viable and sustainable Builds
investment and
partnerships
Reasonable cost
Acceptable risk
Contracting
• Grant agreements are negotiated and contracted with
the grant recipient NOT with other funding partners
• Someone from the applicant organisation should be
listed as the contact officer in the application—not a
consultant or partner organisation
• Applicants are responsible for sourcing any funding
that they are contributing
Contracting (cont’d)
• Read the grant agreement (available online) to
understand the conditions under which the funding
will be awarded
• Negotiations are around the milestones, size and
timing of payments and reporting requirement—not
other terms and conditions
• Project scope and outputs contained in the
application is what will be contracted (the scope
cannot change significantly)
Preparing for Round Three
1. Seek feedback from the Department from round 2
2. Seek advice and support from within your organisation and from your RDA Committee
3. Understand the Guidelines and the Assessment Criteria
4. Link your claims to your project
5. Provide evidence to support your case
6. Make your business case clear and compelling
Key messages
• Understand the Guidelines
• Clearly and convincingly demonstrate how the project will deliver economic benefits and address disadvantage
• Define, quantify and provide evidence for your claims against the assessment criteria
• Seek advice from your RDA Committee prior to 1 March
• Value for money projects are ranked and recommended for funding—but the Ministerial Panel is the decision maker
Further information
• Guidelines, Frequently Asked Questions and GMS Portal guidance are available at www.infrastructure.gov.au/nsrf
• Questions can be emailed to [email protected]
• RDA Illawarra can advise on alignment with regional priorities, project development and applications www.rdaillawarra.com.au
Phone: 4227 4500