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Financing for business and projects

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.

Territory Infrastructure Loans framework PDF (1.0 MB)

Business case guidelines PDF (351.4 KB)

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
Territory Infrastructure Loans offers concessional loans for the development and expansion of (enabling) infrastructure led projects.
Business Concessional Loans
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
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
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:

  • refinance of existing debt
  • acquisition of land or shares
  • working capital or operational business expenses including re-stocking of inventory
  • funding equity distributions.

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.
Policy frameworks
Please download and refer to policy frameworks for eligibility and terms and conditions

Territory Infrastructure Loans policy framework PDF (1.0 MB)

Business case guidelines PDF (351.4 KB)

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.

Local Jobs Fund policy framework PDF (384.6 KB)

Business case guidelines PDF (351.4 KB)

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
Territory Infrastructure Loans offers concessional loans for the development and expansion of (enabling) infrastructure led projects.
Business Concessional Loans
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
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
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:

  • refinance of existing debt
  • acquisition of land or shares
  • working capital or operational business expenses including re-stocking of inventory
  • funding equity distributions.

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.
Policy frameworks
Please download and refer to policy frameworks for eligibility and terms and conditions

Territory Infrastructure Loans policy framework PDF (1.0 MB)

Business case guidelines PDF (351.4 KB)

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.

Local Jobs Fund policy framework PDF (384.6 KB)

Business case guidelines PDF (351.4 KB)

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
Territory Infrastructure Loans offers concessional loans for the development and expansion of (enabling) infrastructure led projects.
Business Concessional Loans
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
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
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:

  • refinance of existing debt
  • acquisition of land or shares
  • working capital or operational business expenses including re-stocking of inventory
  • funding equity distributions.

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.
Policy frameworks
Please download and refer to policy frameworks for eligibility and terms and conditions

Territory Infrastructure Loans policy framework PDF (1.0 MB)

Business case guidelines PDF (351.4 KB)

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.

Local Jobs Fund policy framework PDF (384.6 KB)

Business case guidelines PDF (351.4 KB)

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
Territory Infrastructure Loans offers concessional loans for the development and expansion of (enabling) infrastructure led projects.
Business Concessional Loans
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
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
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:

  • refinance of existing debt
  • acquisition of land or shares
  • working capital or operational business expenses including re-stocking of inventory
  • funding equity distributions.

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.
Policy frameworks
Please download and refer to policy frameworks for eligibility and terms and conditions

Territory Infrastructure Loans policy framework PDF (1.0 MB)

Business case guidelines PDF (351.4 KB)

Local Jobs Fund policy framework PDF (384.6 KB)

Business case guidelines PDF (351.4 KB)

How to apply

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

Phone: +61 8 8999 7900
jobsfund@nt.gov.au

All applicants must seek independent advice from their legal, business and financial advisors before submitting an application.

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.

Upon completion of steps 1 through to 4, the Local Jobs Fund team will provide a link to complete an online application.