Northern Australia Development Program – Opening 4 November 2021
The Northern Australia Development Program (NADP) is an exciting new $111.9 million program designed to help grow businesses and industries in northern Australia.
Open to small to large businesses, including Indigenous businesses, the NADP will fund up to 50 per cent of the total cost of individual projects through two simultaneous grant streams:
- Stream 1: targeting small to medium businesses with expansion and diversification grants of between $50,000 and $2 million
- Stream 2: targeting larger businesses with grants between $3 million and $10 million to establish a new industry or significantly grow the value of an existing industry, contributing to transformational change in a region.
The NADP will be supported by a specialised business advisory service to help grow and strengthen successful businesses in a strategic way.
Grant guidelines for the Program are available now. Applications will open on 4 November 2021 with grants awarded from February 2022.
For more information go to https://www.infrastructure.gov.au/territories-regions-cities/regions/northern-australia or contact the Business Grants Hub at business.gov.au or by calling 13 28 46