About the Fund
The $841.6 million Building Better Regions Fund (BBRF) aims to create jobs, drive economic growth and build stronger regional communities. The program is directed to support projects in regional Australia. A successful application needs a quantified evidence-base that addresses the following merit criteria:
Tourism Focus
BBRF Round 5 has $100 million allocated solely for tourism projects. There are some key considerations when applying for funding for a tourism project:
- There is a focus on attracting domestic tourists
- You must demonstrate the impact COVID has had on tourism in your region
- You must provide evidence the project will mitigate the COVID impact on the tourism sector
For more information on BBRF visit:
https://www.business.gov.au/assistance/building-better-regions-fund
Pracsys Experience
Pracsys has a successful track record of assisting applicants to secure funding under the National Stronger Regions Fund (NSRF) and the Building Better Regions Fund (BBRF). Our experience has given us insights into little known elements that contribute to developing an airtight application.
12 Successful
Applications in 3 Years
In Excess of
$44 Million in Funding
Secured over 80% of
Western Australia’s Funding
in BBRF Round 4
How we can help
Pracsys has developed a range of services to ensure that your application sufficiently responds to the evidence requirements of the BBRF merit criteria, increasing the likelihood of receiving funding.
Cost Benefit Analysis
Mandatory document for projects over $1 million, point of difference for projects under $1 million
Business Case
Round 4 feedback indicated that strong applications included a project specific Business CaseSocial and Economic Benefit Evidence
Round 4 feedback stated that strong applications demonstrated how the project would deliver the claimed social and economic benefits
Peer Review
All documentation is reviewed using the scoring and weighting system by BBRF assessors