ACAPMA members are advised that applications have opened for interested businesses to apply for a capital grant under the Australian Government’s Boosting Australia’s Diesel Storage programme. The programme provides eligible businesses with a grant of up to 50% of the capital cost of new diesel storage facilities. Grants of between $6M (Minimum) and $33M (maximum) are on offer to incentivise the construction of new diesel storage in Australia.
IS MY BUSINESS ELIGIBLE FOR A GRANT?
Eligible businesses are Australian businesses that must:
- have an Australian Business Number (ABN)
- not be tax-exempt.
- be registered for the Goods and Services Tax (GST).
Joint applications from consortiums are acceptable provided the lead organisation is an eligible business.
DOES MY PROJECT QUALIFY?
To be eligible for a grant under this programme, your project must:
- be a new project, which has not already commenced construction, that increases storage capacity of diesel fuel onshore in any Australian state and/or internal territory (above the storage capacity you expect to be available as at 30 June 2021)
- have at least $12 million in eligible expenditure
- be designed to create no less than 20 megalitres in additional storage of diesel fuel at any individual site (projects may involve one or more sites across Australia).
HOW DO I APPLY FOR ONE OF THESE GRANTS?
Grant applications will be considered on merit, relative to applications from other applicants, as assessed against three key assessment criteria.
Details of the assessment criteria, project eligibility requirements and other relevant information can be found at: https://business.gov.au/grants-and-programs/boosting-australias-diesel-storage-program
CLOSING DATE FOR APPLICATIONS?
Applications must be received by 5pm (Canberra time) on 22 February 2021.