Round 2 of the Business Support Fund supports the development and implementation of Circular economy Business models and practices that avoid waste generation in Victoria.
On this page
$1:$1 (SV:Applicant). Co-contributions must be financial (cash) only.
On 7 June, Sustainability Victoria will host an Information session to support your application and answer any questions relating to the fund. Register for the Information session.
Round 1 of the Business Support Fund was oversubscribed. We anticipate Round 2 may also receive more applications than funding available. If you have an implementation-ready project or are near completion of your Round 1 feasibility project, we strongly encourage you to apply for funding in this current round.
Please note that the following guidelines may be subject to change.
Round 2 of the Business Support Fund supports the development and implementation of Circular economy Business models and practices that avoid waste generation in Victoria.
Projects eligible for funding include those that:
Projects focused on Recycling, Recycled content products and Bioenergy are not eligible for this fund. For more information about other grants and funding at Sustainability Victoria, visit the Grants and funding page.
The fund is distributed through 2 streams:
Applications to Stream 1 must develop Circular economy Business models or practices with the potential to avoid waste in Victoria.
Applications to Stream 2 must implement Circular economy Business models or practices that will directly avoid waste in Victoria.
Find out more in the Information bulletin and supporting events.
Circular economy Business models and practices are those that design out waste and pollution, extend the use of products and materials, and regenerate natural systems. They transform how we make and use products.
Round 2 of the Business Support Fund supports circular Business models and practices that avoid waste in Victoria. The Circular economy Business models supported by the Fund include:
The Circular economy Business practices supported by the Fund include:
The primary goal of this fund is to avoid waste in Victoria, which includes improved Materials Efficiency and upcycling. All projects must support this objective.
Projects that also create new Direct Jobs in Victoria will be viewed favourably.
Each project can receive a grant between $50,000 and $1,000,000, depending on the amount of waste the project will avoid each year:
Applicants may apply as either as a single organisation, or as a collaborative project with multiple organisations.
All applications require a single Lead Applicant, who will be the responsible Contracting Party.
Only the following organisations can apply as a lead applicant to the Business Support Fund.
The Lead Applicant must also:
Applicants who do not agree with the Grant Funding Agreement Terms and Conditions will be asked to provide full details of proposed amendments that would render the contractual provision acceptable to the Applicant in the SmartyGrants application form. Applicants should note that significant or substantive variations will not be viewed favourably unless the Applicant is able to demonstrate the necessity for such variations. Should applicants be successful, no further amendments to Sustainability Victoria’s standard terms and conditions will be considered beyond the variations included in the application form.
Collaborative Partner(s) (optional)
Applicants may establish collaborative relationships with other organisations as required to support project delivery. These other organisations will be considered as Collaborative Partners.
The Contracting Party may choose to have one or more Collaborative Partner(s). This is optional.
The Collaborative Partner can be from any organisation that has:
Each Collaborative Partner will be publicly announced as a Collaborative Partner should funding be awarded.
Collaborative Partnerships must have a formal agreement, such as a memorandum of understanding, in place before the project commences.
The Project Team
Together, the Lead Applicant plus any Collaborative Partners or Delivery Partners are referred to as the “Project Team”. The panel will consider the whole Project Team when assessing the merit criteria ‘Who’.
We encourage applications from Aboriginal and Torres Strait Islander organisations.
Sustainability Victoria manages several grants. Although you can apply for more than one grant for a project, you can only receive one grant. If you’ve already applied for a Sustainability Victoria grant and now find this grant is more relevant or suitable, you can withdraw your application by emailing us.
The following cannot apply for funding as a Lead Applicant:
Also, Lead Applicants and/or Collaborative Partners (including other Collaborative Partners) cannot apply for funding if they:
Projects must implement a Circular economy Business model or practice that directly avoids waste in Victoria.
The amount of funding available is based on the amount of waste reduced by your project:
Note: The waste avoidance targets are the minimum eligibility criteria to apply for the respective funding amount. As this is a competitive grant round, projects that avoid more waste will score higher under the merit-criteria ‘what’. In Round 1, projects were funded targeting a minimum of 750 tonnes and up to 28,000 tonnes of waste reduced per annum.
All projects must also:
Projects should focus on the activities required to implement Business models or practices that directly avoids waste in Victoria. These activities may include (but are not limited to):
Project costs must be directly related to the project and can include:
Funding will not be provided for projects and activities focused on:
These projects will also not be funded:
The following project costs are also ineligible for funding:
The assessment panel will assess the application based on merit according to the criteria below.
To support your application, we need to understand your proposed Circular economy Business model or practice. To support this, please complete and attach one of the following documents (mandatory):
Include any additional information to support your application (e.g., a cash flow document, a feasibility study, etc).
Demonstrate that the Project Team can deliver the project in terms of capability (skills) and capacity (resources), including:
Include any letters of support from organisations or individuals relevant to the project, including (but not limited to) collaborative partners.
Our funding agreements are managed using a series of milestones. Each milestone is a collection of activities and outputs you will undertake and deliver to complete your project. After each milestone is completed and approved by Sustainability Victoria, milestone funding will be paid to you.
Please complete the milestone table with:
Complete the Budget Table with details for each eligible cost. For each cost item, you must include a description of the item, the funding requested, plus financial and In-kind Contributions.
Have you secured finance for this project? If yes, attach evidence. If no, please explain how you will secure finance.
Risk is the possibility of something bad happening. Describe the risks you anticipate to your project and the strategies you will put in place to manage them.
Please attach the following documents (mandatory):
Have you secured a site for the project?
What permits do you require for your project (e.g, planning, building, EPA)?
Will you have all required permits in place by March 31 2023?
What other grants have you, or are you applying for, and what is the status?
Sustainability Victoria may overlay rankings to achieve an overall mix of projects that represent:
A risk-based approach will be used to assess the Lead Applicant’s social, economic and environmental risks in relation to the project. This assessment will include the Applicant’s Related Entities and may include Collaborative Partners. (see Section 9: Program definitions).
Lead Applicants (and their Related Entities and, if applicable, their Collaborative Partners) must:
Assessment of satisfactory level of risk will include but not be limited to Sustainability Victoria’s consideration of:
Sustainability Victoria may conduct due diligence checks on the Collaborative Partners involved in the delivery of the project. The Lead Applicant must ensure that any Collaborative Partners agree to cooperate with this requirement and will provide information at Sustainability Victoria’s request.
Sustainability Victoria reserves the right not to award funding to Lead Applicants where the due diligence risk (including that of Collaborative Partners) is unsatisfactory or not able to be managed.
Successful applicants approved for funding must do the following.
Dates may change.
We will provide applicants with updates as much as possible and when necessary.
Masterclass 1: Circular Economy ‘Beyond Recycling’ for Business (May 10 and May 17)
Masterclass 2: How to Build a Circular Economy Business Plan (Date TBC)
Applications open: Wednesday 25 May 2022
Information session: Tuesday 7 June 2022. Register for the Information session.
Application writing workshop: Thursday 23 June 2022
Applications close: Thursday 7 July 2022
Assessment and approvals: July to October
Announcement of outcomes: October 2022
Funding agreements established and projects commenced: Within 3 months of announcement of successful projects. The start date can be discussed at the point of establishing funding agreements.
Planning and regulatory approvals in place, where required: By March 31 2023
Project completed by: March 2024
Before applying, we recommend you attend an information session or watch the recording.
The grant program involves a competitive, merit-based application process.
Tips for using SmartyGrants
Before the round opens, there will be a getting ready information session. This will help you start preparing for your application and is a chance to learn about outcomes from the previous round including what made applications successful or unsuccessful.
While the round is open, there will be an online information session and an online grant writing workshop. A recording will be available after the session.
We cannot review drafts or provide feedback.
Phone: +61 3 8656 6757 Monday to Friday, 10:00 am to 4:00 pm.
In the subject line, use the grant name: RV Business Support Fund
The BSF is delivered by Sustainability Victoria through the Circular Economy Business Innovation Centre (CEBIC) which fosters Business innovation to avoid waste, save money, increase Re-use, and generate new streams of revenue for Businesses.
This fund is part of the Victorian Government’s Recycling Victoria policy which includes targets to reduce total waste generation by 15% per capita by 2030.
Action 1.2 of the policy is the delivery of the Business Innovation Fund (BSF) to help Businesses improve Resource Efficiency, reduce waste to landfill, increase Recycling and reduce Business costs.
Each round of the Business Support Fund may target different areas of the policy to support overall program delivery is achieved. While Round 1 included a focus on innovative Recycling projects, Round 2 has a specific focus on waste avoidance and Materials Efficiency.
Bioenergy is the production of energy from biomass materials such as the by-products of agricultural, food and forestry industries, as well as domestic and industrial waste management systems. Examples include anaerobic digestion, fermentation, liquefaction, pyrolysis, gasification, plasma techno, torrefaction, direct combustion (incineration), indirect combustion, hydrothermal carbonisation.
This refers to liquid fuel derived directly from biomass, for example, biodiesel (a diesel substitute) and bioethanol.
A commercial enterprise seeking to generate profit through its activities. For the purpose of this funds, as defined by Business Victoria, Businesses include (and are limited to):
To read more, visit Business Victoria.
The Recycling Victoria policy describes a Circular economy as:
“A Circular economy continually seeks to reduce the environmental impacts of production and consumption, while enabling economic growth through more productive use of natural resources It allows us to avoid waste with good design and effective recovery of materials that can be Re-used. It promotes more efficient Business models that encourage intense and efficient product use, such as sharing products between multiple users, or supplying a product as a service that includes maintenance, repair and disposal.
The value people obtain from the resources used to create goods and services increases. It transforms our linear economy mindset—take, use and throw away—and fosters Innovation and productivity that invigorates existing Businesses and creates new ones, delivering more jobs and more growth for local, regional, state and global economies.”
The required cash or In-kind Contribution to the total project income, made by the Lead Applicant and the Collaborative Partner(s).
Actual new Full-Time Equivalent (FTE) positions created by your project. This can include training or upskilling of employees who would otherwise be made redundant through the implementation of your project.
Environmental, Safety or Workplace Breach
An environmental or safety breach is any past or current prosecution, reportable incident, investigation, notice, penalty, warning, regulatory intervention or enforcement action from the Environment Protection Authority (EPA), Victorian WorkCover Authority (WorkSafe) or Fair Work or failure to comply with any environmental, safety and Workplace Laws.
Environmental and Safety Laws
Environmental and Safety Laws are the Occupational Health and Safety Act 2004, Environment Protection Act 2017 or any other legislation, regulation, order, statute, by-law, ordinance or any other legislative or regulatory measure, code, standard or requirement relating to the protection and safety of persons or property or which regulate the environment including laws relating to land use planning, pollution of air or water, soil or groundwater contamination, chemicals, waste, the use, handling, storage or transport of dangerous goods or substances, greenhouse gas emissions, carbon trading, or any other aspect of protection of the environment.
Full-Time Equivalent Employees (FTE)
The hours worked by one employee on a full-time basis.
The calculation is used to convert the hours worked by several part-time employees into the hours worked by Full-Time Employees. For example, you have three employees working the following – 40, 40 and 20 hours per week, giving you 100 hours per week in total.
Assuming full-time hours are 40 hours per week, your Full-Time calculation is 100 hours divided by 40 hours which equals 2.5 FTE.
Industry Groups and Associations
An industry peak body, representative industry association or group, or an industry-owned Rural Research and Development Corporation (industry-owned companies).
An In-kind Contribution is a contribution of a good or a service other than cash.
In-kind Contributions should include the cost for activities that are directly related to delivering your project. Examples include:
The following activities cannot be considered as In-kind Contributions:
Applicants must fairly justify how they determined the dollar value for In-kind Contributions.
Materials Efficiency / Resource Efficiency
Materials Efficiency is about doing more with less and ultimately saving money. It means producing a product or service using less input materials or producing more product or service for the same amount of material.
There are many actions that Businesses can take to improve Materials Efficiency ranging from process or systems changes to reduce wastage or improve productivity; through changing how input materials are measured and loaded; to redesigning products and services so they use less material to make. Wasted or unused materials is lost revenue. Simply put, it’s money down the drain.
Entities which are related to the Lead Applicant, including:
Typically refers to converting waste into a reusable material and often then using recovered material to produce something new. It is a term that may be used to cover a wide range of activities, including collection, sorting, reprocessing and manufacture into new products.
Recycled content products
Production of new products using materials recovered from Recycling processes, for example the production of new PET bottles using Recycled plastics as the material input (rPET).
A process defined as using a product more than once in its original form, for the same purpose or a different purpose, by buying or otherwise obtaining second-hand items; renting or accessing products through a sharing platform; and/or repairing products rather than discarding and purchasing a replacement.
A comprehensive and rigorous industrial process by which a previously sold, leased, used, worn, or non-functional product or part is returned to a “like-new” or “better-than-new” condition, from both a quality and performance perspective, through a controlled, reproducible, and sustainable process (ANSI Standard).
Like Remanufacturing, Refurbishment can refer to range of processes, from testing to rebuilding. A product can be Refurbished by the original manufacturer, the original vendor or another third party. At a minimum, a Refurbished product should function properly and without defect. Refurbishment is often a less thorough and costly process compared to Remanufacture as the vendor is not required to meet the ANSI Standard of Remanufactured. Refurbished is generally superior to a ‘used’ product, which may not be tested and may or may not be defective or lesser quality in some way.
A process whereby surplus un-used products (often food) that would otherwise have ended up as waste are, instead, made available for people to use or consume. In the Circular economy, Redistribution is similar to ‘Re-use’ however this definition is not suitable for food and other products that have not yet been used or may only be used a single time (e.g. collecting unsold bread from a bakery and Redistributing it to people in need).
Risks associated with climate change
Risks may include extreme weather events, sea-level rise and storm surge, increased fire danger and reduced rainfall. The planning for the development of new infrastructure or the upgrading of existing infrastructure is an appropriate time to examine the associated risks. Risks will also arise from the impact of climate change to infrastructure which may be beyond the boundaries of the facility and may influence its location or siting. For example, an increase in flooding may impact a facility for which the access requires passage over low lying roads. For more information, applicants may wish to refer to climate change information and resources at Climate Change in Australia and Victorian climate projections 2019 published by the Department of Environment, Land, Water and Planning and CSIRO.
A Social Enterprise is a Business that trades to intentionally tackle social problems, improve communities, provide people access to employment and training, or help the environment.
A Social Enterprise is considered an Individual Business for the purposes of this grants program.
Startup Accelerators support early-stage, growth-driven companies through education, mentorship, and financing. Startups enter accelerators for a fixed period of time, and as part of a cohort of companies. The accelerator experience is a process of intense, rapid, and immersive education aimed at accelerating the life cycle of young innovative companies, compressing years’ worth of learning-by-doing into just a few months. They are fixed-term, cohort-based, and mentorship-driven, and they generally culminate in a graduation that includes a “pitch night” or “demo day” (Hathaway, I, 2016, “What Startup Accelerators Really Do", Harvard Business Review).
Textiles is more than just clothing. Textiles industries encompass a range of activities and materials including:
Textile products are often made from multiple types of materials, both organic and synthetic. Commonly used Textiles often contain a complex mixture of materials that are difficult to separate and Recycle.
Upcycled food products prevent food waste by creating new, high-quality products out of surplus food or food processing by-products. For this Fund, Upcycled foods are:
Read more about Upcycled food.
Upcycled Textile products prevent Textile waste by creating new, high-quality products out of surplus Textiles or Textile processing by-products. For this Fund, Upcycled Textiles are:
Use phase is the entire period that a product or service is used or consumed.
Related Person means a director, officer, employee, agent, board member or contractor of the Applicant or a Related Entity.
Waste destinations are specific locations where waste products are disposed to at their end of useful life, including resource recovery facilities.
In this fund, Waste destinations include (but are not limited to):
Waste to energy
Waste-to-energy technology is an energy recovery process that converts chemicals from waste residues into practical forms of energy like electricity, heat or steam.
Workplace Laws are the Fair Work Act 2009, or any other legislation, regulation order, statute, by-law, ordinance or any other legislative or regulatory measure, code, standard or requirement relating to the provision of fair, relevant and enforceable minimum terms and conditions for all persons and to prevent discrimination against employees.
Please note that we cannot review drafts or provide feedback.
In the email subject line, use the grant name: RV Business Support Fund