09 September 2019

Applications are Open for the NSW Aboriginal Land Council Fishing Fund


NSW Aboriginal Land Council (NSWALC) Fishing Fund

The NSW Aboriginal Land Council (NSWALC) is seeking applications from Aboriginal people(s) or entities for loans and grants from the NSWALC Fishing Fund.


What is the NSWALC Fishing Fund?

The NSWALC Fishing Fund is a partnership with the Commonwealth Governments' National Indigenous Australians Agency (NIAA) and aims to support the growth and development of the NSW Aboriginal fishing industry to achieve long term economic opportunities for Aboriginal people. Both loans and grants will be available to existing or start-up Aboriginal fishing businesses for aquaculture, wild harvest or charter fishing.

 

What Funding is available?

Loan and grant applications will be assessed on their commercial viability as well as their community and social benefits. Innovative ideas are encouraged.

·       Loans

Loans under $20,000 will be interest free. Loans over this amount will incur 2% interest. Lengthy repayment terms will be available. Applicants can apply for loans up to $500,000.00 which must demonstrate commercial and operational viability and employment outcomes. For further details on terms please see contact details below.

·       Grants

Grants should also demonstrate social and community benefit including innovation, training and employment. Applicants can apply for up to $500,000.00 for individual grants. For further details on terms please see the contact details below.

 

Who is eligible to apply?

Applicants must be Aboriginal or an Aboriginal entity (business).

 

How to apply

Applications can be submitted at any time (i.e. no closing date).

Initially, Expressions of Interest (EOIs) will be sought. On review of your EOI, NSWALC may request that you submit a Full Application. Full Applications will be assessed by NSWALC's independent Aboriginal Fishing Advisory Committee and approved by NSWALC. We will provide you with advice and assistance through the application process.

 

Applications will be assessed on a competitive basis including:

  • Demonstrated commercial acumen and business skill.
  • Demonstrated ability to provide employment outcomes over the long term.
  • Loans; will need to demonstrate the capacity to repay the loan and may be required to submit tax returns and financial statements as proof.
  • Grants; in addition to being commercial, will need to demonstrate community benefit, innovation and account for funds spent.