Manufacturing Modernisation Fund Announced

Thursday 12 September 2019

Are you a regional manufacturer and looking to invest in new technologies and processes?

The $50 million Manufacturing Modernisation Fund is now open. The program will provide small and medium manufacturing companies (under 200 employees) with co-funding of between $50,000 and $1 million for capital investments and associated re-skilling to modernise manufacturing processes, adopt new technologies and become more productive and create new jobs.

The program will run over 3 years and will be delivered through two streams of funding:

  • an estimated $20 million for matched grants of between $50,000 to $100,000 for small scale technology and efficiency investments
  • an estimated $30 million for larger grants between $100,000 to $1 million, on a three to one funding basis, to support transformative investments in technologies and processes
  • The maximum grant period is 2 years

The fund closes on Thursday 31st October at 5pm.

Find out more by contacting Nicola James from AusIndustry – Support for Business on Nicola.james@industry.gov.au

Or go to the website on www.business.gov.au or https://www.business.gov.au/assistance/manufacturing-modernisation-fund

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