GO7831: Green Iron Investment Fund - National Development Stream
The Green Iron Investment Fund - National Development Stream provides at least $500 million in funding to applicants around Australia.
The grant funding will be accessible for both existing facilities and greenfield projects that can supercharge Australia’s world-leading iron ore industry by adding more value right here.
The objectives of the grant opportunity are to: de-risk early mover capital investments in Australian commercial scale green iron production capability crowd-in private investment for a strong green iron industry create economic benefits, jobs and spillovers associated with a strong green iron industry achieve community benefits, in line with the Future Made in Australia Community Benefit Principles.
The intended outcomes of the grant opportunity are to: transform Australia’s national, regional and/or local economies by establishing or transitioning commercial green iron production capability - including up and down stream industrial capabilities contribute to emissions reduction in the steel value chain, in line with global and domestic decarbonisation ambitions.
Learn more about the Green Iron Investment Fund policy that supports the program.
Find out more about Australia's green metals sector.
To be eligible an applicant must:
- have an Australian Business Number (ABN)
- be registered for GST
- be one of the following entities: an entity incorporated in Australia, a company limited by guarantee, or an incorporated trustee on behalf of a trust (where trading activities are sufficiently significant)
Joint (consortia) applications are acceptable provided there is a lead organisation eligible to apply.
Additional mandatory requirements:
- no more than 65% of the project may be funded from all government grant sources
- the project must not be entirely funded from government-backed sources
- applicants must indicate they have access to funding required for expenditure outside the grant from the project commencement date
- the technology underpinning the project must be at minimum TRL 7
- projects must aim to achieve commercial operations by 2031 (project activity end date 2026-03-31 stated as 31 March 2031 in guidelines)
- and eligible projects must be focussed on capital works to establish a commercial scale green iron facility
Get a personalised eligibility check — your match score, which criteria you meet, and what to watch out for.
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Last updated: 11 February 2026