More than $120 million in funds from a federal government scheme designed to “address disadvantage” was diverted to Coalition held seats with some of the highest levels of socio-economic advantage in the country.

The $620 million National Stronger Regions Fund was established in 2014 with “a particular focus on assisting disadvantaged regions to achieve growth”.

But a Fairfax Media analysis of grant and census figures reveals upwards of $124 million - or 20 per cent of the scheme's available funds - went to Coalition held seats with individual incomes higher than the national median of $577, with some seats receiving millions of dollars in taxpayer funding despite having incomes as high as $900 a week.

Among the highest-earning grant winners were the blue ribbon Liberal seats of Kooyong, which is held by Environment and Energy Minister Josh Frydenberg, and Warringah, represented by former prime minister Tony Abbott.