Grants in Manufacturing

The Industry Growth Program offers support to innovative small and medium enterprises (SMEs) engaged in commercialisation and/or growth projects within the priority areas of the National Reconstruction Fund (NRF). This program comprises Advisory Services and opportunities for matched grant funding. Businesses that have received Advisory Services through the program are eligible to apply for matched grant funding to enhance their projects.

The New Energies Industries Funding Stream, within the IAF, actively contributes to the economic development of WA by focusing on diversification and decarbonisation. This funding stream specifically targets the acceleration of innovation in Western Australia, facilitating the scaling up of commercial potential and the expansion of local manufacturing capacity in emerging sectors like battery and critical minerals, renewable hydrogen, carbon capture and utilisation storage (CCUS), as well as solar and wind.

The Manufacturing Energy Efficiency Grant (MEEG) Program, funded at $7.1 million by the Queensland Government, supports the manufacturing sector in enhancing its competitiveness in a low-carbon future. This is achieved through the implementation of energy-efficient measures that reduce both energy costs and operational emissions. Queensland-based manufacturers who aim to improve energy efficiency, adopt advanced technology, lower energy consumption and associated expenses, reduce emissions, and promote energy awareness are encouraged to apply.

The Made in Victoria - Manufacturing Growth Program Round 2 is designed to promote business investment in sectors where Victoria holds a substantial competitive edge, with a focus on generating employment opportunities and ensuring the long-term sustainability and prosperity of these industries. The program's primary aim is to help small and medium-sized manufacturers (SMEs) in Victoria who are in a phase of growth and require support to extend their manufacturing operations, with the subsequent objectives: - enhancing their capacity and capabilities through the adoption of new manufacturing technologies, as outlined in the Made in Victoria 2030 Manufacturing Statement; - enhancing productivity and competitiveness within local and global supply chains; - facilitating the creation of new employment opportunities and the development of worker skills; - contributing to Victoria's transition towards net-zero emissions.

The program is a strategic initiative designed to assist Victorian manufacturers to seize opportunities in producing goods or components that support the transition towards net zero and low emissions technologies by 2045.

As part of the State Budgets for 2022–23 and 2023–24, the government has allocated $122 million to establish an Economic Recovery Fund (ERF). This fund aims to stimulate growth in key sectors, promote the creation of well-paying jobs, enhance productivity, boost exports, and drive the adoption of innovative, value-added technology in South Australia. Round 1 is dedicated to empowering manufacturing and regional tourism businesses to expedite their growth, tap into their potential, and create new opportunities supporting South Australia's economic expansion. A substantial funding pool of $20 million will be accessible through either grants or low-interest loans, channelled into two distinct streams: Manufacturing Innovation and Regional Tourism Infrastructure Development.

The Australian Government is fully dedicated to taking ambitious climate action, with clear targets of reducing emissions by 43 percent below 2005 levels by 2030, followed by achieving net zero emissions by 2050. To achieve this goal, the government is actively leading efforts to transition to a net zero economy by implementing emission reduction measures and investing in low-carbon opportunities. Recognising the complexity of this task, the government acknowledges that a diverse range of technologies and tools will be required. One effective technological approach in this domain is carbon capture utilisation and storage (CCUS). CCUS encompasses a variety of advanced solutions engineered to capture carbon dioxide (CO2) emissions from industrial processes or directly from the air. These captured emissions can be utilised in the production of innovative products or securely stored in underground geological formations for long-term sequestration.

The Advanced Manufacturing Ecosystem (AME) Fund's primary objective is to enhance advanced manufacturing capabilities, stimulate investment and productivity in the Northern Territory's advanced manufacturing sector, and bolster the number of advanced manufacturing jobs within the region. This funding opportunity is specifically tailored to small and medium-sized manufacturing enterprises seeking to advance their capabilities in the Northern Territory. Eligible businesses can access funding support of up to 50 percent of their project costs, with grant amounts ranging from $25,000 to $500,000.

As a pivotal component of the Singapore Australia Green Economy Agreement, Go-Green Co-Innovation Program (GGCIP) seeks to incentivise and facilitate collaborative innovation among SMEs from both countries. The program will play a crucial role in establishing or expanding business operations and commercial activities that promote bilateral trade in green goods and services. Grants are available for financing initiatives aimed at advancing the decarbonisation of economic activities and facilitating the transition of Singapore and Australia toward achieving net zero emissions. These initiatives encompass the development and commercialisation of products, services, or solutions.