What is the Regional Economic Futures Fund and what does it do?

The $200 million Regional Economic Futures Fund (REFF) will support communities to seize the industry development opportunities presented by global decarbonisation.

The REFF will be allocated to specific projects that have been identified through regional consultation as those that will best support the region’s economy over the long term. The objectives of the REFF are to support long term community prosperity by:

• increasing long-term, sustainable employment; and
• increasing investment in economic development and diversification projects.