Forest Industries Innovation Fund Loan Scheme
This fund has up to $3 million available to undertake projects that support innovation and the exploration of new market for forest products. Loans of up to 100% of the net, GST exclusive cost of the works to a maximum of $3 million per project are available. Loans are offered at a fixed rate of 2.5% over a maximum period of 20 years. The Scheme will be administrated by the NSW Rural Assistance Authority (RAA) under guidelines developed by the Department of Primary Industries (DPI) – Forestry.
All the projects funded through the Scheme must contribute to improving economic growth and productivity in the Forestry and Forest Products Industry, and have a positive impact on regional economies. Applications Close 13 September 2019.
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