Builders’ Support Facility

The Builders’ Support Facility will give eligible residential builders in WA access to interest-free loans of up to $300,000 to help complete unfinished homes that were commenced prior to 1 January 2022.

The Builders' Support Facility (the Facility) has been introduced to address delayed construction timeframes and rising costs, to help get homeowners into their new homes sooner.

The interest-free loan for residential builders will be paid in instalments to promote completions. A maximum of $300,000 (up to $60,000 per home) will be available to each successful applicant, repayable within five years from execution of the Deed of Loan. Each home for which a loan application under the Facility is successful must reach practical completion within 12 months from execution of the Deed of Loan.

Application information now available

Applications for the Facility will open on Monday 18 March and close at 5pm (AWST) Tuesday, 30 April 2024. A limited amount of funding of $10 million is available for the Facility and applications will be assessed on a “first come” basis. Eligibility criteria will apply. Program guidelines and terms and conditions are now available to help applicants prepare to submit their application.

The application process is being managed by the Small Business Development Corporation (SBDC), with the loan payments and repayments to be facilitated by the Department of Jobs, Tourism, Science and Innovation (JTSI).

• Please note, registration of interest is not an application for the Facility. If you registered your interest before 31 January 2024, you still need to apply for the Facility when it opens.
• If you did not register your interest in the Facility you can apply when applications open.

Eligibility criteria

To be eligible for the Facility, applicants must:

1. Have at least one Class 1a residential building that commenced construction prior to 1 January 2022, and has not reached practical completion by 30 March 2024.
2. Is solvent and retains the capacity to complete the residential buildings subject to the application.
3. Is a WA-based residential building business that has been in continuous operation in WA since 1 January 2020.
4. Holds a WA Building Contractor registration without interruption since 1 January 2020.
5. Holds a valid ABN and GST registration without interruption since 1 January 2020.
6. All residential building sites subject to this application must be located in WA.
7. Agree to the application Terms and Conditions.

Frequently asked questions

For more information about the Facility, please read the frequently asked questions.

Program guidelines and terms and conditions

Download the Builders’ Support Facility program guidelines and terms and conditions to assist in preparing your Builders’ Support Facility application. These guidelines will contain the information you need for your application.

Evidence required

To be considered for the loan facility, the applicant must provide all the documents listed in the Builders’ Support Facility program guidelines and terms and conditions, in an unredacted PDF format.

How do I apply?

Applications for the Facility are now open until 5pm (AWST) Tuesday 30 April 2024. Applicants are encouraged to have their documentation prepared before commencing their application.

Start your application now in SmartyGrants