Business Competitiveness Program VIC


The Business Competitiveness Program provides small to medium manufacturers with funding to help them expand their manufacturing operations and implement new manufacturing technologies and processes.

Open
Close date: 20 Jun 2021.

What do you get?

Funding of between $50,000 and $500,000.

Who is this for?

Victorian small and medium manufacturers.

Overview

This program aims to create jobs, increase industry competitiveness, and help strengthen local supply chains in traditional and emerging manufacturing sectors where Victoria has competitive advantages.

Eligible project expenditure includes, but is not limited to:

  • capital expenditure (e.g. manufacturing machinery and equipment)
  • expenses related to product and process improvements, prototyping, evaluation and testing of new products and processes
  • supply chain development
  • minor building alterations and fit-out costs
  • training specific to the technology only (external costs only)
  • labour and contractors (does not include internal salaries).

Grants of up to 33% of eligible project expenditure, up to a maximum amount of $500,000, will be allocated on a competitive basis for projects to be completed within 18 months of receiving the grant.

What are the eligibility criteria?

To be eligible, you must:

  • operate a business located in Victoria
  • hold an Australian business number (ABN)
  • be currently engaged in manufacturing or the manufacturing supply chain or demonstrate a genuine commercial connection to the manufacturing supply chain
  • employ at least 20 FTE (full-time equivalent) staff or have an annual turnover of greater than $1.5 million (preference will be given to applicants that employ less than 200 people)
  • agree to meet any co-contribution requirements with eligible cash expenditure.

How do you apply?

Find out more about eligibility and how to apply at Business Competitiveness Program.

Contact information