Manufacturing Modernisation Fund Round 1
Funding for manufacturers to modernise and reskill
Last Updated: 20 January 2021
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Manufacturing Modernisation Fund Round 1
The $50 million Manufacturing Modernisation Fund supports transformation in small and medium manufacturing businesses. It provides co-funded grants to upgrade manufacturing processes and grow highly skilled workforces.
What do you get?
Co-funding grants of between $50,000 and $1 million.
Who is this for?
Small to medium manufacturing enterprises (SMEs) with up to 199 employees.
Manufacturing Modernisation Fund Round 2
Overview
The $50 million Manufacturing Modernisation Fund supports manufacturers by co-funding capital investments and associated reskilling to:
- modernise
- adopt new technologies
- become more productive
- create more jobs
The program aims to support SMEs through:
- investment in efficient and transformative manufacturing processes
- jobs growth and a more highly skilled workforce in the manufacturing sector
The program will run over 3 years and will be delivered through 2 streams of funding.
The first:
- is for small scale technology and efficiency investments
- has an estimated $20 million available for funding
- provides grants of between $50,000 to $100,000
- will cover up to 50% of eligible project costs
The other:
- supports transformative investments in technologies and processes
- has an estimated $30 million available for funding
- provides larger grants between $100,000 to $1 million
- will cover up to 25% of eligible project costs
The maximum grant period is 2 years.
Eligibility
What are the eligibility criteria?
To be eligible you must:
- be an entity incorporated in Australia
- be a manufacturing SME, with up to 199 employees (headcount)
- clearly identify the level of job creation expected
You must also engage in trading activities that either:
- form a significant proportion of your overall activities
- are a substantial and not peripheral activity of your corporation
You must be able to provide evidence that:
- the project is supported by your board
- you can complete the project
- you can meet the costs of the project not covered by grant funding
For more information on eligibility please read the Grant opportunity guidelines.
Open all
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What are the merit criteria?
Applying
How do you apply?
The Manufacturing Modernisation Fund is currently closed to applications.
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What happens next?
Need help?
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Contact us for help with your application or to find out more.
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Monday – Friday, 8am – 8pm across Australia
Information sessions
Information sessions were offered to assist you to understand what support/assistance is available under the Manufacturing Modernisation Fund.
