The Australian Government has awarded $55 million in grants to businesses across the country in the second round of the Manufacturing Modernisation Fund (MMF).
Among the 86 businesses selected, Bonissimo Coffee Roasters in Western Australia will use its grant to help reduce the number of plastic-lined coffee cups and coffee pods ending up in landfill by installing $1.4 million worth of equipment to manufacture cups and pods made from bio-polymers that are 100% organic and fully compostable.
The upgrade will also enable the company to increase its coffee pod production six-fold, allowing it to hire more staff and pursue new export opportunities.
Other successful projects include: a lightweight digital health sensor produced in Queensland that sticks to the skin and can provide early warning of cardiac issues; new generation high-output solar panels to be made in South Australia; and a brewery expansion in New South Wales that will use world-leading thermal energy storage to reduce power consumption and chemical use.
Minister for Industry, Science and Technology Christian Porter said: “Australia’s manufacturing sector is vitally important to our economy, directly employing more than 900,000 Australian workers and contributing almost $120 billion to our export earnings last year.
“That’s why the Morrison Government is backing manufacturing businesses like Bonissimo in WA and 85 others right across the country with significant financial support to help them to modernise, innovate and grow.
“Investing in the latest manufacturing technology and equipment helps them to remain internationally competitive by improving their productivity and increasing their capacity to target new export markets for their products.
“Just as importantly, these investments also help to grow well-paid and highly skilled jobs in the modern manufacturing sector for Australian workers.
“We know that for every manufacturing job we create, at least three additional jobs are created in other areas of our economy.”
Examples of projects funded under round two of the MMF include:
- Tindo Operations Co Pty Ltd (SA) will receive $1 million towards its $5.3 million state-of-the-art solar panel production facility. The company will produce panels specifically designed for Australian conditions and estimates up to 60 jobs will be created by the project;
- Garlo’s Pies Pty Ltd (NSW) will receive $746,571 towards a $2.96 million upgrade of its production facilities that will enable it to increase production of pie products to 8,000 units per hour. The project will create up to 27 new jobs and enable the company to pursue export opportunities for its products;
- Currumbin Minerals (QLD) will receive $934,686 to establish a $3.8 million minerals sands processing facility using world-leading electrostatic and magnetic heavy minerals separation processes to enable more efficient separation of heavy minerals and rare earths;
- Medipharm Labs Australia (Vic) will receive $466,577 towards a $1.866 million upgrade of production facilities, enabling it to increase production and greatly increase the purity of its medicinal cannabis products.
- First Graphene will use its $759,000 grant to carry out a $3 million upgrade of its graphene drying, blending and packaging facilities at its headquarters in Henderson. Graphene has a range of uses in the mining, automotive and battery industries and the company intends to significantly boost production to capitalise on growing global demand.
MMF round two was a competitive, merit-based grants program, with applications assessed by a committee of independent industry experts.
Businesses are required to match government funding on a three-to-one basis, with government grants covering up to 25% of eligible project expenditure.
The minimum grant amount is $100,000 and the maximum grant amount is $1,000,000. Projects must be completed within two years.
The grants are part of the $1.5 billion Modern Manufacturing Strategy and eligible companies need to demonstrate that their products align with one of the Government’s six National Manufacturing Priorities.
Those priorities are Resources Technology and Critical Minerals Processing, Food and Beverage, Medical Products, Recycling and Clean Energy, Defence and Space.
For a full list of grants visit: https://business.gov.au/grants-and-programs/manufacturing-modernisation-...