TAS Advanced Manufacturing Productivity Grant Program
- The program offers up to 50% funding of project costs, with applicants required to match at least 50% of the costs. Grants range from a minimum of $1,500 to a maximum of $20,000 per project.
- The program is open until 30 June 2025 or until the funding allocation is exhausted.
The Advanced Manufacturing Productivity Grant Program supports Tasmanian-based advanced manufacturing enterprises by funding productivity-enhancing activities. These include obtaining accreditations, expert advice, and developing staff and business skills, as part of the Tasmanian Government’s Advanced Manufacturing Action Plan 2028.
Key Requirements
The program provides $450,000 in funding for the 2024/25 financial year.
Grants cover up to 50% of project costs, with applicants required to match at least 50%. Grant amounts range from $1,500 to $20,000 per project, with collaborative projects potentially eligible for a higher funding percentage.
Applications are open until 30 June 2025 or until funds are exhausted, and are assessed in the order of receipt. Applicants can apply for a second grant within the financial year, with a total annual cap of $40,000.
What is eligible for funding?
- Business improvement:
- Strategy advice on new processes, lean manufacturing, supply chain efficiencies, and business sustainability (e.g., carbon and waste reduction).
- Strategic, business governance, and succession planning.
- Quality assurance:
- Costs associated with obtaining market or industry accreditation such as ISO certifications (ISO9001, ISO14001, ISO45001, etc.).
- Unaccredited training:
- Training for specific products, industries, safety awareness, or courses related to identified growth opportunities.
The program prioritises projects that demonstrate clear industry benefits, with collaborative projects receiving special consideration.
What companies are eligible for funding?
- Tasmanian-based advanced manufacturing enterprises or high-tech businesses supporting manufacturing (e.g., software or component development).
- Businesses with an annual sales turnover between $500,000 and $55 million in at least one of the last two financial years.
- Must have an Australian Business Number (ABN) and be registered for GST.
- Businesses must be primarily manufacturing in Tasmania and not be a consultant or intermediary.
Is this grant competitive or entitlement based?
Competitive. Your application will be assessed among other applications by a judging panel.
How can I increase my chances of winning this grant?
By engaging an accredited government grants consultant, such as Avant Group.
Competitive grants often require significant business case development and project analysis to support the application, this may include detailed presentations supporting the project’s merit, projected sales, cost-benefit analysis and more.
As part of your engagement with Avant Group, your account manager will assess the required documents and will provide the following as needed to support your grant submission.
Grant application writeup including a detailed presentation illustrating how the grant funding will contribute to your project, how the funding will contribute to the project’s budget, a project milestone plan, delivery timeline, impact on employment if applicable and a breakdown of the management and leadership team for the project
- Industry analysis presentation
- Competitor Analysis Presentation
- Marketing and Sales Analysis Presentation
- 3-5 year Cashflow Forecast
- 3-5 year Balance Sheet Forecast
- Cost-Benefit Analysis of Grant Funding
- End-to-end grant application including information collating, analysis and application writing
- CAPEX (Capital Expenditure) cost-benefit analysis
- Stakeholder relations and Risk Mitigation Plans
- Any other relevant forecasting that will support your application
How can I get help with my application? Or know if I’m likely to win funding?
Avant Group offers a no-obligation assessment of your eligibility for funding and will assess your likelihood of a successful grant application.