Tom Stephens

Tom Stephens

-

    Launch of Exmouth Development Trust Fund

    8/12/1992 12:00 AM
     
     
    Exmouth people are being encouraged to come up with projects to benefit their community by improving the economic future of the town.
     
    Gascoyne Minister Tom Stephens today urged local people to accept the challenge offered by the Exmouth Development Trust Fund, and use their knowledge, expertise and understanding of the town to develop ideas to benefit its future.
     
    Mr Stephens officially launched the Exmouth Development Trust Fund (EDTF) at a function in the town last night.
     
    "This is a unique opportunity for individuals and organisations to invest in the future of one of Western Australia's most exciting towns," Mr Stephens said.
     
    "Exmouth has a fascinating history and surroundings of great natural beauty.  As well, it has the great asset of resourceful, friendly and adaptable people, and I am sure the trust fund will receive many exciting proposals."
     
    The EDTF receives 78 per cent of the proceeds of the sale of 181 US-built houses in Exmouth.  Funds (in the form of a grant, loan, advance or subsidy) are available to individuals and organisations wishing to help the Exmouth community provide for the future.
     
    A five-member advisory group will assess the projects and recommend on funding.
     
    Mr Stephens said to be eligible for funding, projects should either stimulate economic activity in the Exmouth area, provide infrastructure with long-term benefits for the town, create jobs or encourage investment.
     
    The Minister met with the EDTF Advisory Group today to discuss potential projects and inspect proposed sites around the town.