Peel Development Commission encourage local businesses to apply for RED grants funding

Round one RED Grants recipient, Smartstream Technology, used their funding to relocate their plastic manufacturing to the Peel region. Photo: Supplied.
Round one RED Grants recipient, Smartstream Technology, used their funding to relocate their plastic manufacturing to the Peel region. Photo: Supplied.

The Peel Development Commission is encouraging local organisations to get involved and apply for round three of the Regional Economic Development (RED) Grants Program.

The RED Grants program is a State Government initiative, investing $28.8 million over five years in projects driven by regional organisations that will create real economic impact and employment opportunities in regional Western Australia.

Up to $250,000 over two financial years is available for individual projects that contribute to sustainable jobs, expand or diversify industry, develop skills and capability, attract new investment or maximise recovery from COVID-19 impacts to the region.

Rounds one and two of RED Grants funding for the Peel region totalled to almost $1.5 million and supported 14 projects including Capogreco Farms, Mandurah Boat and Bike Hire, Cays Engineering, Pinjarra Bakery and Smartstream Technology.

Round three funding is now open and closes on 7 July 2020.

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Peel Development Commission chair Paddi Creevey said she encouraged the local community to take advantage of this positive investment commitment to grow our region.

"The Peel Development Commission will be working with the community to look for opportunities to stabilise local business as well as capitalise on growth and expansion potential via funding support available through the RED Grants program," she said.

"This round of RED Grants is particularly timely given the challenges our local businesses are facing. It's a chance to access support for projects that make a real contribution to the Peel community in creating sustainable jobs, maximising recovery and expanding regional resilience in the future."

To apply for the RED Grants Program visit: https://www.peel.wa.gov.au/.