The Local Jobs Fund is a Northern Territory Government initiative aimed at creating more local jobs and accelerating major and significant projects.
The Local Jobs Fund is an $89 million co-investment fund which will support economic transformational projects and help high growth potential Territory businesses to:
The Local Jobs Fund is comprised of a suite of four products:
Applications are required to include a robust business case, financial model and financial statements for the applicant. All applicants should seek advice from their legal, business and financial advisors prior to submitting an application. Applicants are responsible for all costs incurred in the preparation and lodgement of their application.
Step 1. Check your eligibility
Step 3. Read the business case guidelines.
Step 3. Fill in the online application.
The Local Jobs Fund is comprised of a suite of four products:
Loan Guarantees will support fast-growing Territory businesses to expand and create new Territory jobs. The guarantee will be issued in favour of lending institutions providing funding for appropriate investments such as for the expansion of production capacity or export capability development.
Find out more on Loan Guarantees.
Business Investment Concessional Loans will provide matched funding to de-risk project opportunities, bring forward private investment and deliver projects to final investment. All projects seeking Business Investment Concessional Loan funding must demonstrate how they will create and sustain new local jobs and drive increased economic activity.
Find out more on Business Investment Concessional Loans.
Equity co-investments may be made in high potential and innovative Territory ventures to secure funding and accelerate business development and growth into national and global markets, stimulating economic activity and creating Territory jobs.
Find out more on Equity Co-investment.
Priority Sector Collaborative Grants provide funding for consortia within Territory priority growth and developing sectors to collaboratively progress sector-wide initiatives which will advance local industry capability, innovation and business development.
Capital Grants are targeted at transformational economic growth projects which create a step-increase in Territory economic activity, demonstrate broad economic benefits for the Territory and create enduring new Territory jobs.
Find out more on the grants program.
