Manufacturing
Business

Manufacturing Modernisation Fund

Funder:  Federal – Industry

Grant Background: The Manufacturing Modernisation Fund supports manufacturers by co-funding capital investments and associated reskilling to:

  • adopt new technologies
  • encourage innovation
  • become more productive and competitive in the market and
  • create more jobs.

The program aims to support small to medium manufacturing enterprises (SMEs) through:

  • investment in transformative manufacturing technology and processes
  • jobs growth and a more highly skilled workforce in the manufacturing sector.

$ Available: up to $1million

Eligibility: To be eligible you must:

  • have an Australian Business Number (ABN)
  • be non-tax exempt
  • be registered for the Goods and Services Tax (GST)

and be:

  • an entity incorporated in Australia, including start-ups, and a trading corporation where your trading activities:
    • form a sufficiently significant proportion of your overall activities as to merit it being described as a trading corporation; or
    • are a substantial and not merely peripheral activity of your corporation.

You must also be:

  • a manufacturing small and medium-sized Australian enterprise (SME) with up to 199 employees (headcount)
  • have a minimum of $400,000 in eligible project expenditure
  • able to identify the level of Australian job creation expected from your project
  • able to demonstrate your project aligns with one or more of the six National Manufacturing

Priorities:

  • resources technology and critical minerals processing
  • food and beverage
  • medical products
  • recycling and clean energy
  • defence
  • space.

 Key Dates: Closes 21 January 2021

Link: CLICK HERE

Happy to chat if you need a hand with your application and please share this grant opportunity with anyone who may be interested. Good luck, Melanie

#manufacturing #innovation   #jobcreation  #transformativechange #efficiency