Manufacturing Modernisation Fund

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Manufacturing Modernisation Fund Round 2 – applications closing soon!

In September 2019 the Federal Government launched the Manufacturing Modernisation Fund, providing $160m of co-funded grants to assist small and medium-sized Australian manufacturers to invest in new technology, grow and create new jobs.

Round 2 of this initiative, valued at $52.8m, was announced in October 2020 and will run over 3 years
(2020-21 to 2022-23).

What is the Manufacturing Modernisation Fund?

The Manufacturing Modernisation Fund supports manufacturers by co-funding capital investments and associated reskilling to:

  • adopt new technologies
  • encourage innovation
  • become more productive and competitive in the market and
  •  create more jobs.

It also supports transformative investments in technologies and processes including:

  • buying, constructing, installing or commissioning of manufacturing plant and equipment
  • integrating production-related software that is directly related to capital investment
  • relevant training and skills development to assist integration of the new technology into the business,
    including upskilling and accreditation in advanced processes
  • process design and engineering directly related to the capital investment
  • fit-out, alterations and/or extensions to buildings directly related to the capital investment.

The maximum project period is 2 years.

Applications close 5pm (AEDT) 21 January 2021.

Find out more about eligibility criteria and the application process here.

 

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