Tuesday, 17 August 2021
$800 million on offer for collaborative manufacturing projects
Manufacturers in Hinkler can now apply for a share of $800 million in funding for major job creating projects under the Morrison Government’s $1.3 billion Modern Manufacturing Initiative.
Federal Member for Hinkler Keith Pitt is calling on local manufacturers to lodge their applications for funding before September 9.
“The $1.3 billion Modern Manufacturing Initiative is designed to support Australian manufacturers to build resilience, scale and become more competitive – all while creating the jobs we need in Hinkler and right across the country,” he said.
“Funding of between $20 million and $200 million is available, covering up to 33 per cent of eligible project expenditure.
“We have a variety of manufacturers right across the Hinkler electorate – for example Bundaberg Brewed Drinks which received a $19 million grant for a new super brewery from the Australian Government’s Regional Growth Fund – and I encourage local manufacturers to submit an application if they meet the criteria.”
Minister for Industry, Science and Technology Christian Porter said the Government will strategically invest in projects that will help manufacturers to scale up and create jobs, with investments targeted at projects within the six National Manufacturing Priority areas.
“As a Government we plan to harness Australia’s manufacturing capability to drive job creation and spur private investment, especially as we chart our economic recovery from COVID-19 and build our future resilience,” Minister Porter said.
“Through the Collaboration Stream, we are determined to co-invest in industry-led proposals that will transform our National Manufacturing Priority areas, by encouraging manufacturers to move up the value chain to higher value, higher margin activities, including drawing on our world class research.”
The Morrison Government’s six National Manufacturing Priority areas are: medical products; clean energy and recycling; food and beverage; defence; space and; resource technology and critical minerals processing.
Applications can be lodged until 9 September 2021. More details and the guidelines are available at www.business.gov.au/mmic