NSW Net Zero Manufacturing Initiative - Renewable Manufacturing

NSW Net Zero Manufacturing Initiative – Renewable Manufacturing

Round 2 documents are still being finalised, and more details will be available when the program opens soon.

A total of $200 million has been allocated to Round 2 of the Net Zero Manufacturing Initiative (NZMI), which includes the Renewable Manufacturing (RM) stream.

The Renewable Manufacturing stream focuses on building strong local supply chains for renewable energy and electric vehicles (EVs). It is part of the NSW Net Zero Manufacturing Initiative, which underpins the NSW Government’s commitment to achieving net zero emissions by 2050.

Key Requirements

To achieve this goal, we must:

  • Develop innovative low-emission technologies.
  • Build local manufacturing capacity for critical low-carbon products.
  • Accelerate domestic production of renewable energy generation, storage, and transmission components.

We’re backing the next wave of innovators and manufacturers to fast-track emissions reduction, create new jobs, and drive economic growth across NSW. The Net Zero Manufacturing Initiative empowers NSW businesses and industries to lead the transition to net zero by boosting competitiveness, attracting investment, and unlocking new growth opportunities.

What is eligible for funding?

The Renewable Manufacturing stream focuses on strengthening local supply chains for renewable energy and electric vehicles (EVs). Round 2 documents are still being finalised, and more details will be available when the program opens soon. Register your interest with our team to be notified when applications open.

What companies are eligible for funding?

Applicants may be based in NSW, interstate, or overseas. To qualify, the lead applicant must:

  • Hold or obtain an ABN before entering a funding agreement.
  • Be registered for GST.
  • Be an eligible entity type (e.g., Australian-incorporated company, company limited by guarantee, incorporated trustee, incorporated association, co-operative, or Aboriginal and Torres Strait Islander Corporation).
  • Hold required insurances (including $20 million public liability and workers’ compensation).
  • Not be insolvent or on the DFAT sanctions list.
  • Disclose legal proceedings, previous grants, and comply with workplace laws.
  • Obtain FIRB approval if required.

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.