THE ECONOMIC DEVELOPMENT GRANTS POLICY REVIEW · Attachment 1 Review of Noosa Council Economic Development Grants Program

Assessment

    •    Quick Response Grant applications are approved by the Economic Development Manager.
    •    Project Partnership Grants with a value of less than 30% of the original Grants Program budget
         amount will be approved by the Chief Executive Officer based on recommendations from the
         Director Environment and Sustainable Planning.
    •    Grants valued at over 30% of the original Grants Program budget amount are approved by
         Council. Multi Year Partnership Grants will be approved by Council

More information
• Attachment 1: Economic Development Strategy
• Attachment 2: Economic Development Grants Policy
• Attachment 3: Economic Development Grant Program Guidelines




4. Grant Program Performance
•   The EDGP Budget is capped at $50,000 annually
•   Since inception the EDGP has not dispersed its full annual budget allocation of $50,000.
•   In most years minimal applications are received and have declined each of the program
•   In most instances EDGP Applications have failed to meet the programs strategic criteria and
    eligibility.

    Table 1: Grant Application Summary 2018 – 2022

                            Number of Applications        Successful Applications   Grant Amounts
           Year                  received                                              allocated
     2016 – 2017                      9                               4                 24,228
     2017-2018                        8                               7                 23,495
     2018-2019                        5                               5                 10,500
     2019-2020                       10                               9                 26,000
     2020-2021                        8                               6                 10,000
     2021-2022                        2                               2                 18,750
         *Detailed Grant Application Information is in Attachment 4


5. Future EDGP Key Performance Indicators
•   50% increase in Grant Applications for FY 2023/2024
•   100% Grant funding acquitted in FY 2023/2024
•   Positive improvement feedback from Business Roundtable members and stakeholders involved in
    the process.




        Noosa Shire Council | Economic Development Grant Program Review                                   6