Green Iron Investment Fund – National Development Stream

Grant applications are open until 16 January 2026.
The maximum grant amount per application is up to 25% of the eligible project expenditure. While there is no fixed dollar cap per project, the total funding pool for the National Development Stream is at least $500 million. This stream forms part of the broader $1 billion Green Iron Investment Fund announced by the Australian Government.

The Green Iron Investment Fund – National Development Stream supports early movers in establishing commercial-scale green iron production facilities across Australia.

Its objectives are to de-risk early capital investments in green iron production, attract private investment into the industry, generate economic and employment benefits, and deliver community outcomes aligned with the Future Made in Australia Community Benefit Principles. The intended outcomes include transforming national, regional or local economies through the development of green iron capabilities, and contributing to emissions reduction across the steel value chain in line with Australia’s decarbonisation goals.

Key Requirements

To be eligible, applicants must:

Have an ABN and be GST registered
Be one of the following:
- An entity incorporated in Australia
- A company limited by guarantee
- An incorporated trustee on behalf of a trust (with significant trading activity)

Additional requirements:

Technology must be at least TRL 7
No more than 65% of total project costs can be funded by government sources
Must demonstrate access to funding for the remaining project costs
Must align with the Future Made in Australia Act 2024 Community Benefit Principles

What is eligible for funding?

Projects must:

Be located in Australia
Establish a commercial-scale green iron facility
Focus on capital works
Be completed by 31 March 2031

Eligible activities include:

Construction, installation, or commissioning of plant and equipment
Site development (excluding remediation)
Final development and testing of technology (TRL 7–9)
Commercialisation and implementation of green iron technologies
Design and engineering for capital works
Offtake market development
Modifying existing infrastructure for sustainable iron production
Local employment and skills development aligned with community benefit principles

Eligible costs must:

Be directly related to the project
Be incurred within the project period
Include audit-related costs
Comply with expenditure guidelines

What companies are eligible for funding?

Australian-incorporated entities
Companies limited by guarantee
Incorporated trustees acting for a trust with substantial trading activity

Joint applications are allowed, but the lead organisation must meet all eligibility criteria and will be responsible for the grant agreement and project delivery.

Is this grant competitive or entitlement based?

Competitive. Your application will be assessed among other applications by a judging panel.

How can I increase my chances of winning this grant?

By engaging an accredited government grants consultant, such as Avant Group.

Competitive grants often require significant business case development and project analysis to support the application, this may include detailed presentations supporting the project’s merit, projected sales, cost-benefit analysis and more.

As part of your engagement with Avant Group, your account manager will assess the required documents and will provide the following as needed to support your grant submission.

Grant application writeup including a detailed presentation illustrating how the grant funding will contribute to your project, how the funding will contribute to the project’s budget, a project milestone plan, delivery timeline, impact on employment if applicable and a breakdown of the management and leadership team for the project

Industry analysis presentation
Competitor Analysis Presentation
Marketing and Sales Analysis Presentation
3-5 year Cashflow Forecast
3-5 year Balance Sheet Forecast
Cost-Benefit Analysis of Grant Funding
End-to-end grant application including information collating, analysis and application writing
CAPEX (Capital Expenditure) cost-benefit analysis
Stakeholder relations and Risk Mitigation Plans
Any other relevant forecasting that will support your application

How can I get help with my application? Or know if I’m likely to win funding?

Avant Group offers a no-obligation assessment of your eligibility for funding and will assess your likelihood of a successful grant application.

This grant is open

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