Contestable Fund Reopens for Fresh Applications
Energy and Resources Minister Megan Woods today opened the next round of the Low Emission Vehicles Contestable Fund for applications.
“Round four has funding of up to $4 million available.
“The Fund was established to encourage innovation and investment to accelerate the uptake of low emission vehicles. It offers up to 50 per cent funding for projects, with applicants required to match or exceed the amounts granted.
“Since its launch in 2016, the Fund has invested in a total of 49 projects (from 183 proposals).
“To date $10.1 million has been committed to a wide variety of projects, with applicants committing to additional co-funding of $18.8 million to get their projects off the ground,” Dr Woods said.