Media Statements - Regional Investment Fund delivers widespread benefits for Kimberley

7/9/05

The Western Australian Government’s Regional Investment Fund (RIF) continues to deliver many benefits for the regions.

Kimberley Minister Jon Ford said RIF has funded more than 850 projects, leveraged more than $200 million in additional investment and contributed to the creation of more than 4,100 new jobs.

The initial $75million RIF was established to assist with the economic and social development of the regions and to improve the access by regional communities to services.

“It has been instrumental in providing a major boost to infrastructure and business investment through a wide range of economic, social, cultural and environmental projects in the region,” Mr Ford said.

"Through the fund, we have been able to provide financial assistance for many great projects and ventures in the region, including assistance with the second stage of reconstruction of the Derby Airport runway.

“Other projects supported include the Perth International Arts Festival Regional Program and the Croc Festival for youth in Derby.

“Importantly, we have also been able to provide vital support to the indigenous community of Balgo.”

Mr Ford said the building of partnerships between industry, community, local and State Governments on worthwhile projects would help to create a viable and sustainable future for the region.

“I encourage regional residents to take advantage of future RIF funding opportunities available through the continued commitment of $80 million over four years,” he said.

“The Gallop Government is ensuring that regional Western Australia receives its fair share.”

More information about RIF is available from the Kimberley Development Commission at http://www.kdc.wa.gov.au or the Department of Local Government and Regional Development at http://www.dlgrd.wa.gov.au/regionDev/financialAssist/RIF.asp

Minister's office: 9425 4200