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. 18.06.2018
    18.06.2018
    by      In
    Queensland-based electronics design and manufacturing company, Hetech, is collaborating with selected local engineering companies to increase its design capacity of up to 20 engineers.
    With defence projects such as the LAND400: Phase 2 arriving in Queensland, collaboration between local engineers... Read More
  2. 15.06.2018
    15.06.2018
    by      In
    The NRMA has chosen Australian-made electric vehicle chargers from Brisbane-based Tritium to equip its $10 million network planned for New South Wales and the ACT. The network, which will be the largest in Australia, will comprise 40-plus charging stations that will be free to use for NRMA members... Read More
  3. 14.06.2018
    14.06.2018
    by      In
    Australia’s Collins Class submarine fleet is set to receive significant sonar upgrades this year in a project led by Raytheon Australia and Thales Australia.
    In announcing the commencement of the upgrade programme, Minister for Defence Industry, the Hon Christopher Pyne MP, said that as the... Read More
  4. 14.06.2018
    14.06.2018
    by      In
    Australian-founded Ainsworth Game Technology has expanded globally since being established in 1995, today representing the fifth-largest gaming manufacturer in the USA. The company boasts a new state-of-the-art US$40 million facility in Las Vegas, which produces thousands of gaming machines per... Read More