2023-24 Federal Budget - Grants Funding Snapshot

We’ve analysed the Federal Budget handed down this week to keep our community informed.

There were several grant funding program announcements.

Here’s a quick snapshot:

• $5m over 3 years from 2024–25: To be provided to organisations with appropriate expertise in supporting women in the workplace, to further support women in historically male dominated trade apprenticeships.

• $211.7m over 3 years from 2023-24: To establish The Thriving Suburbs Program which will provide grants for community infrastructure in urban and suburban communities through a competitive grants program.

• $43.6m over 4 years from 2022-23: To establish a new National Road Safety Action Grants Program to support community education and awareness, vulnerable road users, First Nations road safety, technology, innovation and research. This measure will be partially offset by the redirection of unspent funding.

• $10m: Community events for Australia Day 2024.

• $21.6m in 2023-24: Extend the Indigenous Boarding Providers grants program for rural and remote First Nations students for an additional year.

• To 31 December 2026: An extension of the Closing the Gap Outcomes and Evidence Fund which provides targeted grant funding to Aboriginal Community-Controlled Organisations to deliver improved and co-designed methods of service delivery for First Nations people. 

• $14.1m over two years from 2022-23: For targeted financial support for disability workers who deliver personal support to National Disability Insurance Scheme participants, contract COVID-19, and do not have access to leave entitlements.

• $32.8m over two years from 2022-23: To provide additional financial wellbeing and capability supports for vulnerable individuals, families and communities in financial crisis.

• $0.4m in 2023-24: For an Early Learning Childcare Facilities Improvement Grant opportunity.

• $11.6m over 3 years from 2023-24: For a Social Enterprise Development Initiative to provide grants, online education and mentoring for eligible organisations to build capability to access capital, better participate in the social impact investing market and support improved social outcomes.

• ($61.m) - Funding for the Export Market Development Grants program will be reduced.

The Government also included provisions for impact investment (not grants) which may be of interest to some of our members:

• $210m over 4 years from 2023-24 to expand the Emerging Markets Impact Investment Fund (EMIIF) from $40m to $250m to provide catalytic financing for small and medium enterprises operating in the Indo-Pacific and support the mobilisation of private and multilateral finance for development outcomes, including women’s economic empowerment and climate action

• $100m over 5 years from 2024–25 to establish a social impact investment Outcomes Fund to make contractual payments to states, territories and service providers based on delivering agreed, measurable outcomes through specific projects, with funding to be provisioned in the Contingency Reserve pending the outcome of a co-design process with stakeholders, including states and territories.

You can learn more about the Budget here.

Stay up-to-date on the latest announcements

Members can Save Your Search to receive Grant Alerts via email.

Not a member? Sign up now for a FREE 14-day trial. We’ll help you find the right grants. All in one place.