Closed

Financing for business and projects

Tender ID: 539201


Tender Details

Tender #:
-  
Status:
Closed
Publish Date:
29 September 2023
Closing Date:
30 June 2025

Tender Description

Local Jobs Fund

The Local Jobs Fund offers financing for major business expansion in the Territory.

The fund aims to:

  • increase employment in the Territory
  • provide access to capital that may not otherwise be readily available to assist project progress
  • increase exports of goods and services interstate and overseas.

Summary

$66.7 million funding for infrastructure-led projects

The Northern Australia Infrastructure Facility (NAIF) has partnered with Local Jobs Fund to establish the Territory Infrastructure Loans program. Territory Infrastructure Loans will support the development and expansion of enabling infrastructure, employment and economic growth, as well as improve outcomes for Aboriginal Territorians.

Eligibility

Funding sought can be for an approved purpose being tangible growth capital expenditure.

The fund will not support applications requesting assistance with:

  • refinance of existing debt
  • acquisition of land or shares
  • working capital or operational business expenses including re-stocking of inventory
  • funding equity distributions.


Location


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