Applications are now open for round two of the Federal Government’s $52.8 million Manufacturing Modernisation Fund (MMF).
The MMF forms part of the Federal Government’s $1.5 billion Modern Manufacturing Strategy, which lists recycling and clean energy as national manufacturing priorities.
Additional priority areas include resources technology and critical minerals processing, food and beverage, medical products, defence and space.
“In these uncertain times, we’re giving manufacturing businesses the confidence and certainty they need to invest in themselves to deliver new and innovative products and services,” Industry, Science and Technology Minister Karen Andrews said.
“We want to deliver more products for Australians, and beyond that, we want to open up more opportunities for manufacturers to take on the world with their top quality products.”
Businesses can apply for grants of between $100,000 and $1 million to invest in new technology, with successful applicants required to match government funding at least three-to-one.
According to Andrews, round one of the MMF is already helping manufacturers become more competitive and productive, with many already creating new jobs during the COVID-19 pandemic.
“The big change between round one and round two is that this time we will play to our nation’s strengths, with the projects needing to align with the National Manufacturing Priorities announced as part of our Modern Manufacturing Strategy.”
Applications close 21 January 2021.