Powering the Regions Fund – Safeguard Transformation Stream Round 2
Overview
This grant provides up to $50 million to trade-exposed facilities covered by the Safeguard Mechanism to reduce their emissions and contribute to Australia's emissions reduction targets. Funding supports projects including plant and equipment, labour, training, and decommissioning of old equipment aimed at reducing scope 1 emissions and preventing carbon leakage.
Eligibility Requirements
Applicants must be owners or operators of a trade-exposed Safeguard Mechanism facility (excluding new or expanded coal/gas facilities) with an Australian Business Number and be an entity incorporated in Australia, company limited by guarantee, or incorporated association. Projects must be completed by 31 March 2033 and located on-site at eligible facilities or in Regional Australia with practical connection to an eligible facility.
Who Can Apply
Relevant Industries
How to Apply
Applications are submitted through the official government portal. Review the eligibility criteria carefully before applying, and ensure all supporting documents are prepared.
Visit the official application page