Regional Economic Development (RED) Grants
The Regional Economic Development Grants (RED Grants) program is a $28.8 million over five years State Government initiative that invests in local projects to stimulate economic growth and development in regional Western Australia.
It is part of the State Government’s job-creating Royalties for Regions investment across regional WA.
Delivered locally by the State's nine Regional Development Commissions, up to $250,000 is available for individual projects that promote sustainable jobs, partnerships, productivity, skills and capability, as well as stimulate new investment and industry diversification or maxismise the recovery from COVID-19 impacts.
The grants will boost investment in local regional projects that contribute to population and economic growth initiatives and innovation pilots, and importantly, are driven by the community.
The objectives of the RED Grants Program include:
- Sustainable jobs growth;
- Expanding or diversifying industry;
- Developing skills or capabilities;
- Attracting new investment in the region; and
- Maximising recovery from the COVID-19 pandemic impacts.
The third round of the RED Grants program opened on 12 May 2020 and closed on 7 July 2020. The GEDC recieved twenty-one (21) applications for the Goldfields-Esperance region, requesting $3.3 million in RED Grants funding, with a total project value of $7.9 million, during the 2020-2021 round of the RED Grants.