none
none

Grants give industry a needed boost

31-08-2010
by 
in 

 

Innes Willox … boost for manufacturers

The Australian Industry Group has welcomed Government moves to assist manufacturers who invest in energy efficient technology.

AiGroup Chief Executive Innes Willox said Clean Technology Program grants would help manufacturers cut their exposure to the carbon price.

"The grants available to manufacturers under the Clean Technology Investment Program and the Food and Foundries Program are crucial sources of capital investment assistance,” Mr Willox said.

This would be of great assistance to businesses affected by the global economic downturn, rising energy prices and a carbon price well above the UN and European benchmarks.

 "Those grants are available for projects that would cut the carbon intensity of a manufacturer,” said Mr Willox.

The grants require co-investment by the business of between 50 per cent and 75 per cent of total project costs – a ratio of private investment to public investment from 1:1 to 3:1.

The Federal Government recently announced that a wider range of businesses can now access the more favourable ratio of grant. 

Previously, this was only available to smaller businesses seeking smaller grants. 

"Now a manufacturer will be able to seek matched 1:1 funding even for very large projects, if the facility in question has direct emissions between 25,000 and 100,000 tonnes per annum of carbon dioxide equivalent, said Mr Willox.

"This change puts businesses that are paying the carbon tax directly in a better position to make improvements that would see them pay less.”

"The more favourable ratio of carbon grant now available to more businesses can help make the difference between a good idea that sits in the bottom drawer, and a capital upgrade that sets a manufacturer up for long-term viability.

 "Ai Group will continue to monitor the Clean Technology Program to ensure that the grants flow smoothly and effectively.  We also continue to encourage businesses to make the most of these grants, which for the majority of manufacturers are the only substantive assistance available to weather the introduction of a carbon price," Mr Willox said.

 

Related news & editorials

  1. ETA’s warehouse has extensive Bonfiglioli stock
    11.01.2018
    11.01.2018
    by      In
    Bonfiglioli’s partnership with its largest Australian distributor, Engineering Transmission Agencies (ETA), brings quality, reliability and performance to Queensland and Northern NSW customers in industries such as mining, manufacturing, bulk materials handling, food and beverage, water and waste.... Read More
  2. Australian flag
    11.01.2018
    11.01.2018
    by      In
    It’s official: Australia is an Innovation Champion. That is the view of the US Consumer Technology Association, which launched its inaugural International Innovation Scorecard at the Consumer Electronics Show in Las Vegas.
    The scorecard is a development from the association’s annual ranking of US... Read More
  3. 10.01.2018
    10.01.2018
    by      In
    Australian company CST Wastewater Solutions has put together an environmentally friendly and cost-efficient wastewater treatment system for smaller, remote and ecologically sensitive community, municipal, agribusiness and industrial applications throughout the Asia-Pacific region.
    The two-stage... Read More
  4. 10.01.2018
    10.01.2018
    by      In
    US-based utility-scale solar power specialist SolarReserve has received development approval for its Aurora Solar Energy Project in South Australia.
    The project is located on farmland 30km north of Port Augusta and is centred on a 150MW solar thermal power station with 1100MWh of molten salt energy... Read More