THE ECONOMIC DEVELOPMENT GRANTS POLICY REVIEW (Referred from Planning and Environment Committee dated 8 August 2023 - Item 5.3) · Attachment 5 Guidelines - Economic Development Grant Program

                                                               Economic Development Grant Guidelines




Grant applications will be assessed using the following criteria:
  • The extent to which the project aligns with Noosa Council’s
          o Corporate Plan 2023-2028 and
          o Economic Development (Smart Biosphere) Strategy 2021 – 2030\, including enablers
              of economic growth and prosperity.
  • The projects reach & outcomes, including the value and benefits of the project to the wider
      Noosa Shire business community.
  • Networking and collaborative opportunities of the project.
  • The quality of the application.
  • The capability of the applicant organisation and capacity to deliver the project to budget and
      within agreed timeframes.
  • The extent to which a funding need is demonstrated.
  • The amount of funding available in Noosa Council’s Economic Development Grant Program
      on date of receipt of application.

In assessing the grants, Council will:
   • Ensure public monies are allocated in a fair and equitable way
   • Ensure best possible value for money
   • Check each application against the above-mentioned criteria

Assessment
   •     Council staff will assess applications against the Grant Guidelines and the assessment criteria
         using the following process:

       Eligibility  checking,      application    Economic Development Grants Officer
       assistance and consultation

       Grant Assessment                           Assessment panel to include:
                                                  2 x Economic Development Staff or nominated
                                                  representative
                                                  1 x Council        staff   (external   to   Economic
                                                  Development)

       Funding Recommendation Summary             Economic Development Grants Officer

       Funding Approval                           Director, or delegate



Applications may be part funded. If part funded, the applicant will need to fund the shortfall




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