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 and employment opportunities.
What funding is available?
Both loans and grants are available to existing or start-up Aboriginal fishing businesses for aqua-culture, wild harvest or charter fishing. Applicants can apply for up to $500,000.00 for individual loans or grants.
What is the application process?
There are two main steps. Applicants submit an Expression of Interest and if successful, may be invited to submit a formal application for funding.
Who is eligible to submit an Expression of Interest (EOI)?
Applicants must be Aboriginal or an Aboriginal entity (business).
What’s the closing date for my EOI?
EOIs can be submitted at any time (no closing date). People interested in submitting an EOI for loans and/or grants from the NSWALC Fishing Fund are encouraged to submit these before the second week of every month.
What happens after I submit my EOI?
Following review of EOIs, NSWALC may request you to submit a formal application.
How will my formal application be assessed?
All 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: Demonstrated capacity to repay the loan. Tax returns and financial statements may be required to be submitted.
- Grants: Demonstrated commercial venture. Demonstrated community benefit, innovation and ability to account for funds spent.
Who assesses the formal applications?
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.
What information and resources do I need to start?
Relevant templates and forms to assist you are available at the links below.
Business Plan Template
Fact Sheet for businesses operating in the NSW Fishing Industry
– What do you need to do for tax and super? (PDF, 237 KB)