Mines Grouting Fund
The Newcastle Mines Grouting Fund (NGMF) was established by the NSW Government in 2015 to address the issue of mine subsidence and its impact on property development in the Newcastle CBD. The NSW Government is funding this initiative, and HDC is administering the Fund.
The Fund helps promote new investment by giving developers and investors financial certainty about the cost of mine remediation. The Fund contributes to:
- the cost of grouting former mine workings
- an investigation program to better understand the condition of former mine workings
- design of more cost-effective and sustainable remediation strategies, where they exist
The Fund only applies to a defined area of the Newcastle CBD. Developers can apply to have their project included in the Fund if it falls within the defined area.