What is the Collie Industrial Transition Fund?
The $230 million Collie Industrial Transition Fund supports the attraction of large-scale industrial projects that can provide long-term, sustainable jobs in Collie. The Fund aims to attract new and emerging industries as Collie transitions to new forms of industry and power generation. This fund will also assist the development of project-ready industrial land.
The Fund was established as part of the $547.4 million Collie Transition Package announced in June 2022.
Who can apply for the Fund?
The Fund will target sectors that can demonstrate a clear economic benefit to Collie, as well as an ability to leverage Collie’s existing skilled workforce.
Priority sectors include:
- Green manufacturing or minerals processing
- Energy intensive industries
- Future clean energy industries
Proposals from other industries may be considered where they meet the stated objectives.
Fund objectives
The Fund has been established to expand Collie’s economy and provide new job opportunities, particularly for coal and energy-sector workers. Successful projects should demonstrate how they will contribute to a significant increase in the:
- Number and diversity of job opportunities;
- Productivity of business and industries; and
- Scale and diversity of Collie’s economic base.
Project requirements
Projects will be invited to formally apply to submit a Stage 1 application based on their ability to address the following criteria:
- Strength of alignment with the objectives of the Fund;
- Strength of alignment to one or more of the priority sectors;
- Demonstration of business and technology readiness;
- Ability to utilise transitioning workforce; and
- Evidence of co-funding capacity.
Total project value should be at least $4 million. Projects must include a funding contribution from the applicant that is a minimum, secured cash co-contribution of $1 for every $1 funded by the Fund. Funded activities are expected to have commenced within 12 months of funding approval. However, it is acknowledged that this will depend on the scale and complexity of eligible proposals.
How to register your interest
Companies interested in the Collie Industrial Transition Fund are encouraged to contact the Collie Delivery Unit to discuss further.
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