Local Jobs Fund
The Local Jobs Fund offers financing for major business expansion in the Territory.
The fund aims to:
- increase employment in the Territory
- provide access to capital that may not otherwise be readily available to assist project progress
- increase exports of goods and services interstate and overseas.
Local Jobs Fund investments
$51 million
committed to Territory based projects
200 direct Jobs
across 15 Territory businesses
720 direct Jobs
1814 indirect Jobs
5 year projections
as of June 2024
Territory Infrastructure Loans
Amount
Up to $10 million
Further details
More information eligibility and the application process are available in the policy framework.
Summary
$66.7 million funding for infrastructure-led projects
The Northern Australia Infrastructure Facility (NAIF) has partnered with Local Jobs Fund to establish the Territory Infrastructure Loans program.
Territory Infrastructure Loans will support the development and expansion of enabling infrastructure, employment and economic growth, as well as improve outcomes for Aboriginal Territorians.
Eligibility
Funding sought can be for an approved purpose being tangible growth capital expenditure.
The fund will not support applications requesting assistance with:
- refinance of existing debt
- acquisition of land or shares
- working capital or operational business expenses including re-stocking of inventory
- funding equity distributions.
Compare the products or finance options
| Investment Territory financing products | Territory Infrastructure Loans About the loan Territory Infrastructure Loans offers concessional loans for the development and expansion of (enabling) infrastructure led projects. | Business Concessional Loans About the loan Business Concessional Loans offers finance, matched by a privately funded co-contribution (excluding grant funding), to de-risk project opportunities, bring forward private investment and deliver projects to final investment. | Equity Co-investments About the loan Equity Co-Investments are about investing in high potential and innovative Territory ventures looking for funding to accelerate business development and growth into national and global markets. | Priority Sector Collaboration Grants About the loan Priority sector collaborative grants may offer up to50% matched funding to consortia (3 or more businesses) to progress sector-wide initiatives to advance local industry capability, innovation and business development in priority sectors. |
|---|---|---|---|---|
| Amount | Up to $10 million | Between $100,000 and $10 million | Up to $10 million |
Stage 1: up to $100,000 Stage 2: up to $1 million |
| Eligibility | Funding sought can be for an approved purpose being tangible growth capital expenditure. The fund will not support applications requesting assistance with:
| Businesses applying must have:
The fund will not support applications requesting assistance with:
| ||
| Policy frameworks Please download and refer to policy frameworks for eligibility and terms and conditions | Territory Infrastructure Loans policy framework PDF (1.0 MB) | Local Jobs Fund policy framework PDF (384.6 KB) Business case guidelines PDF (351.4 KB) | ||
Business Concessional Loans
Amount
Between $100,000 and $10 million
Further details
More information eligibility and the application process are available in the policy framework.
Summary
Business Concessional Loans offers finance, matched by a privately funded co-contribution (excluding grant funding), to de-risk project opportunities, bring forward private investment and deliver projects to final investment.
Eligibility
Businesses applying must have:
- a significant presence in the Territory
- high growth and job creation potential
- sound governance, management and operating systems in place
- registered for corporate and tax purposes in Australia.
The fund will not support applications requesting assistance with:
- working capital or business-as-usual capital requirements
- refinancing of existing debt
- payment of taxes or fines
- payment of dividends to shareholders
- property development for on-sale or on-leasing.
Compare the Products or Finance Options
| Investment Territory financing products | Territory Infrastructure Loans About the loan Territory Infrastructure Loans offers concessional loans for the development and expansion of (enabling) infrastructure led projects. | Business Concessional Loans About the loan Business Concessional Loans offers finance, matched by a privately funded co-contribution (excluding grant funding), to de-risk project opportunities, bring forward private investment and deliver projects to final investment. | Equity Co-investments About the loan Equity Co-Investments are about investing in high potential and innovative Territory ventures looking for funding to accelerate business development and growth into national and global markets. | Priority Sector Collaboration Grants About the loan Priority sector collaborative grants may offer up to50% matched funding to consortia (3 or more businesses) to progress sector-wide initiatives to advance local industry capability, innovation and business development in priority sectors. |
|---|---|---|---|---|
| Amount | Up to $10 million | Between $100,000 and $10 million | Up to $10 million |
Stage 1: up to $100,000 Stage 2: up to $1 million |
| Eligibility | Funding sought can be for an approved purpose being tangible growth capital expenditure. The fund will not support applications requesting assistance with:
| Businesses applying must have:
The fund will not support applications requesting assistance with:
| ||
| Policy frameworks Please download and refer to policy frameworks for eligibility and terms and conditions | Territory Infrastructure Loans policy framework PDF (1.0 MB) | Local Jobs Fund policy framework PDF (384.6 KB) Business case guidelines PDF (351.4 KB) | ||
Equity Co-investments
Amount
Up to $10 million
Further details
More information eligibility and the application process are available in the policy framework.
Summary
Equity Co-investments are about investing in high potential and innovative Territory ventures looking for funding to accelerate business development and growth into national and global markets.
Eligibility
Businesses applying must have:
- a significant presence in the Territory
- high growth and job creation potential
- sound governance, management and operating systems in place
- registered for corporate and tax purposes in Australia.
The fund will not support applications requesting assistance with:
- working capital or business-as-usual capital requirements
- refinancing of existing debt
- payment of taxes or fines
- payment of dividends to shareholders
- property development for on-sale or on-leasing.
Compare the Products or Finance Options
| Investment Territory financing products | Territory Infrastructure Loans About the loan Territory Infrastructure Loans offers concessional loans for the development and expansion of (enabling) infrastructure led projects. | Business Concessional Loans About the loan Business Concessional Loans offers finance, matched by a privately funded co-contribution (excluding grant funding), to de-risk project opportunities, bring forward private investment and deliver projects to final investment. | Equity Co-investments About the loan Equity Co-Investments are about investing in high potential and innovative Territory ventures looking for funding to accelerate business development and growth into national and global markets. | Priority Sector Collaboration Grants About the loan Priority sector collaborative grants may offer up to50% matched funding to consortia (3 or more businesses) to progress sector-wide initiatives to advance local industry capability, innovation and business development in priority sectors. |
|---|---|---|---|---|
| Amount | Up to $10 million | Between $100,000 and $10 million | Up to $10 million |
Stage 1: up to $100,000 Stage 2: up to $1 million |
| Eligibility | Funding sought can be for an approved purpose being tangible growth capital expenditure. The fund will not support applications requesting assistance with:
| Businesses applying must have:
The fund will not support applications requesting assistance with:
| ||
| Policy frameworks Please download and refer to policy frameworks for eligibility and terms and conditions | Territory Infrastructure Loans policy framework PDF (1.0 MB) | Local Jobs Fund policy framework PDF (384.6 KB) Business case guidelines PDF (351.4 KB) | ||
Priority Sector Collaboration Grants
Amount
Stage 1: up to $100,000
Stage 2: up to $1 million
Further details
More information eligibility and the application process are available in the policy framework.
Summary
Priority Sector Collaborative Grants may offer up to 50% matched funding to consortia (3 or more businesses) to progress sector-wide initiatives to advance local industry capability, innovation and business development in priority sectors.
Eligibility
Businesses applying must have:
- a significant presence in the Territory
- high growth and job creation potential
- sound governance, management and operating systems in place
- registered for corporate and tax purposes in Australia.
The fund will not support applications requesting assistance with:
- working capital or business-as-usual capital requirements
- refinancing of existing debt
- payment of taxes or fines
- payment of dividends to shareholders
- property development for on-sale or on-leasing.
Compare the products or finance options
| Investment Territory financing products | Territory Infrastructure Loans About the loan Territory Infrastructure Loans offers concessional loans for the development and expansion of (enabling) infrastructure led projects. | Business Concessional Loans About the loan Business Concessional Loans offers finance, matched by a privately funded co-contribution (excluding grant funding), to de-risk project opportunities, bring forward private investment and deliver projects to final investment. | Equity Co-investments About the loan Equity Co-Investments are about investing in high potential and innovative Territory ventures looking for funding to accelerate business development and growth into national and global markets. | Priority Sector Collaboration Grants About the loan Priority sector collaborative grants may offer up to50% matched funding to consortia (3 or more businesses) to progress sector-wide initiatives to advance local industry capability, innovation and business development in priority sectors. |
|---|---|---|---|---|
| Amount | Up to $10 million | Between $100,000 and $10 million | Up to $10 million |
Stage 1: up to $100,000 Stage 2: up to $1 million |
| Eligibility | Funding sought can be for an approved purpose being tangible growth capital expenditure. The fund will not support applications requesting assistance with:
| Businesses applying must have:
The fund will not support applications requesting assistance with:
| ||
| Policy frameworks Please download and refer to policy frameworks for eligibility and terms and conditions | Territory Infrastructure Loans policy framework PDF (1.0 MB) | Local Jobs Fund policy framework PDF (384.6 KB) Business case guidelines PDF (351.4 KB) | ||
Download and read through the funds policy framework to understand what options are available to you.
The eligibility criteria applies for all businesses and projects seeking access to Local Jobs Fund products and services.
Policy frameworks are found in the product summaries.
All applicants are encouraged to discuss their application with the Local Jobs Fund team before making a submission.
In this meeting the Local Jobs Fund team will navigate applicants through the policy frameworks and the online application process.
Local Jobs Fund
Investment Territory
Department of the Chief Minister and Cabinet
GPO Box 4396
Darwin NT 0801
All material required to make a submission is outlines in the relevant funds policy framework. All applicants must supply a robust business case, financial model and financial statements.
Applicants are responsible for all costs incurred in the preparation and lodgement of their application.
Schedule and attend a pre-submission meeting with the Local Jobs Fund team. At this meeting the Local Jobs Fund team will ensure all relevant materials are completed and ready to make a submission.
Quarterly Investment Bulletin
Welcome to Investment Territory’s Quarterly Bulletin, providing the insights, project updates and progress from Australia's Northern Territory.
New co-investment business loan launches
Northern Territory Government and Paspalis Corporation Partner to Launch $20 Million co-investment fund.
Australian Government supports Arafura Rare Earths
Major critical minerals funding positions Australia as renewable energy superpower.
Innovative housing shells inspired by IKEA
Discover how Warle Construction, an Aboriginal company, is revolutionising affordable housing in the Northern Territory through innovative construction methods.
Renewable Energy Company to move Headquarters to Darwin
GenOffGrid, supported by the NTLJF, pioneers renewable energy in Northern Australia, reducing diesel consumption with innovative solar power stations
Local Jobs Fund Supports Construction of Specialist Disability Accommodation in Darwin
Discover how the Northern Territory's Local Jobs Fund facilitated the development of two new specialist disability accommodation facilities in Darwin.
Headland Food Group
Headland Food Group has accessed 2 business concessional loans through the Local Jobs Fund.
Life h2o Australia Pty Ltd
The Local Jobs Fund will invest $2.5 million to assist the business to establish a manufacturing facility based in Darwin, and is expected to create 15 local jobs.
Universal Site Monitoring Pty Ltd
Universal Site Monitoring has received a Business Concessional Loan of $3 million for the commercialisation of patented technologies being wearable personal safety monitoring devices.
NT Farmers cotton gin study
The Local Jobs Fund allowed NT Farmers Association to explore the viability of building the Northern Territory’s first cotton gin.
Core Lithium
Core Lithium has applied for a co-investment fund through the Local Jobs Fund to accelerate the development of the Finniss lithium project south of Darwin.
NT Indigenous Business Network Inc
The Local Jobs Fund has approved funding of $70,000 (plus GST) by way of Priority Sector Collaborative Grant for the Northern Territory Indigenous Business Network to undertake feasibility studies into the development of an Indigenous Business Hub in Darwin.
The Northern Australia Infrastructure Facility
Clean Energy Finance Corporation
National Reconstruction Fund Corporation
Northern Territory Business Grants and Support Services
Advanced Manufacturing Ecosystem Fund
