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The Green Iron Investment Fund - National Development Stream is a significant funding opportunity provided by the Australian Government, aimed at enhancing the country's green iron production capabilities. With a total funding pool of at least $500 million, this initiative seeks to support both existing facilities and new projects that contribute to a sustainable and economically beneficial iron ore industry in Australia.

Funding Overview

The Green Iron Investment Fund is designed to de-risk early investments in commercial-scale green iron production. The funding aims to attract private investment, create jobs, and generate economic benefits associated with a robust green iron industry. The initiative aligns with the Future Made in Australia Community Benefit Principles, ensuring that community benefits are a core focus of the program.

Objectives and Outcomes

The primary objectives of the grant opportunity include:

• De-risking early mover capital investments in green iron production.
• Crowding in private investment to strengthen the green iron industry.
• Creating economic benefits and job opportunities.
• Achieving community benefits in line with established principles.

The intended outcomes are to transform local and national economies by establishing or transitioning to commercial green iron production capabilities, contributing to emissions reduction in the steel value chain, and supporting global decarbonization efforts.

Eligibility Criteria

To be eligible for this funding opportunity, applicants must:

• Hold an Australian Business Number (ABN).
• Be registered for Goods and Services Tax (GST).
• Be one of the following entities:
  • An entity incorporated in Australia.
  • A company limited by guarantee.
  • An incorporated trustee on behalf of a trust.

However, certain entities are ineligible, including those on the National Redress Scheme's list, employers with over 100 employees not complying with the Workplace Gender Equality Act, and various government bodies and unincorporated associations.

Application Process

Applications for the Green Iron Investment Fund will open on 28 October 2025 at 10 AM. Interested parties can submit their applications through the designated website: business.gov.au/giif-nds. For assistance, applicants can contact the support team via phone at 13 28 46 or email at giif@industry.gov.au.

Funding Amount and Grant Value

The total amount available for this funding opportunity is $500,000,000.00 AUD. The estimated grant value ranges from $500,000,000.00 AUD to $500,000,000.00 AUD, indicating a substantial investment aimed at fostering the growth of the green iron sector in Australia.

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