Member for Wannon, Dan Tehan announced today that the Terang community would benefit from funding for a Financial Services Needs Analysis thanks to the Coalition’s Building Better Regions Fund.
The full list of successful projects under the first round of the Australian Government’s Building Better Regions Fund (BBRF) will be announced on Friday.
Mr Tehan said, “the Financial Services Needs Analysis would review the financial, postal and other services in Terang to determine local need, impact on businesses through loss of these services and processes to retain or attract them.”
“I congratulate Cooinda Terang on their successful bid to win funding from the Building Better Regions Fund. This funding is instrumental to Cooinda Terang ensuring access to services for the ageing, disadvantaged and disabled residents,” Mr Tehan said.
“This announcement is a real boost for Terang and their regional community.
“We know the benefits of this project will also flow throughout the community as it will inform and progress actions to retain and attract services to the town that will provide benefit to the wider region.
“Without the Building Better Regions Fund, these community investment projects often struggle to get funding.”
Minister for Regional Development Fiona Nash said the Building Better Regions Fund Community Investment Stream was investing $6.9 million in community projects throughout regional Australia.
“I aim to help build the kinds of regional communities our children and grandchildren either want to stay in or come back to, this project should help to do that.”
The Building Better Regions Fund is investing $500 million to foster economic growth in rural, regional, and remote communities.
Media contact: Cate Mercer-Grant 0408 564 232