COVID-19 TAS: Non-Profits – Local Government Loans Program

COVID-19 TAS: Non-Profits – Local Government Loans Program

Grants - Open grants, TAS Grants

This grant will close 1st of August, 2020.

Overview

This program aims to encourage local governments to invest and employ more Tasmanians to upgrade, renovate and to do necessary maintenance to improve existing local government infrastructure and can also cover the cost of measures taken by Councils as a response to, or as a result of, the impacts of the Novel Coronavirus (COVID-19).

For eligible projects, the program will provide assistance to applicable local government authorities through:
– The provision of loan interest rebates in the form of a grant for the eligible period of each loan, with a three-year maximum rebate term.
– Access to borrowings to finance projects under the program through the Tasmanian Public Finance Corporation (Tascorp).

Loans of up to $150 million are available on a first-come first-served basis.

It is preferable that local government authorities make a single application for all relevant projects, rather than multiple applications.

Who Can Apply?

Eligible applicants include all Tasmanian councils and joint authorities who will be required to demonstrate that each
nominated project:
– Will be undertaken during the 2020-21 financial year.
– Will provide Tasmanian employment opportunities.
– Is procured through appropriate processes that deliver value-for-money outcomes.
– Is to be financed through an approved loan from Tascorp.

Eligible Activities

Eligible projects include, but are not limited to:
– Roads, bridges and footpaths
– Upgrading community halls and other town facilities and amenities
– Development of waste transfer stations
– Improvements to local parks
– Development of, or improvements to, recreational and sporting grounds
– Township beautification works
– Tourism infrastructure development
– Other building works
– Rates relief programs
– Any other measures responding to, or as a result of, the impacts of COVID-19

For more information and to apply, click here.