GRANTS TO ASSIST AUSTRALIAN MANUFACTURERS

05-09-2014

Grants are now open to manufacturing businesses looking to expand operations, target new markets and attract private sector investment.

The grants are offered as part of the federal government’s $50 million Manufacturing Transition Program.

The Program provides grants to help manufacturing businesses become more competitive and sustainable.

It supports capital investment projects that help businesses:

▪    Move or expand into higher value or niche manufacturing activities

▪    Build skills in higher value and knowledge intensive activities in new or growing

    markets.

Grants are available for up to 25 percent of eligible costs for projects with a minimum investment of $4 million.

Applications for Round 1 opened on September 1 and will close on Friday October 24, 2014.

The program provides:

•    Grants ranging from $1 million to $10 million

•    Grant funding up to 25% of eligible project costs

•    Support for projects over a two year period.

To be eligible, your business must:

•    Be incorporated in Australia

•    Be manufacturing in Australia

•    Be registered for GST

•    Provide evidence that confirms your business can fund its share of the project

    costs.

To find out more about the Manufacturing Transition Program visit:

http://www.syndication.business.gov.au/grants-and-assistance/manufacturing

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