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TSA News > NT recycling modernization Fund: 2nd round funding open
NT recycling modernization Fund: 2nd round funding open
7 December 2022
A second round of funding is now open to Northern Territory businesses, local government, and not-for-profit organisations.
A second round of funding is now open to Northern Territory businesses, local government, and not-for-profit organisations.
The Federal and NT Government are co-investing $2.3 million to increase the Northern Territory’s capacity to recycle and repurpose glass, paper, carboard, plastics and end of life tyres, allowing the creation of new value-added products.
Under this fund, grants of at least $20,00 are available on a 50:50 co-contribution basis.
Who can apply
You can apply if you:
- are a profit or not-for-profit organisation with or without a registered business name, such as: a sole trader, partnership, local governing body or Aboriginal organisation
- hold a valid Australian business number and have been operating under that number for at least one year
- agree to carry out an eligible project with any grant funding provided to it
- can financially commit and have authority to co-fund at least 50% of the total eligible project costs
- have a history of compliance with all legislative requirements and is fully compliant from the date of your application.
What you can apply for
Funding will be given to projects that recover, recycle or reuse:
- plastics
- paper and cardboard
- glass
Your project must also:
- operate in the NT
- increase the capacity for domestic sorting, processing, recycling or remanufacturing of materials
- deliver new or improved resource recovery, recycling and remanufacturing infrastructure
- demonstrate a long-term return (at least 5 years) on investment to the NT
- be completed and operational by 30 June 2024.
TSA is working closely with the NT Government, Local Government, and industry to increase the recovery rates and build a circular economy for used tyres in the Northern Territory.
See our research released earlier this year highlighting some of the challenges and the opportunities available to the Territory to increase recovery rates: Tyre Recycling in the Northern Territory Report
To find out more or to apply for the NT recycling modernisation fund, click here: https://nt.gov.au/industry/business-grants-funding/nt-recycling-modernisation-fund
Applications close Tuesday 28 February 2023.