Funding for manufacturers to modernise and reskill
Manufacturing Modernisation Fund Round 1Last Updated: 14 September 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.
Open all
button toggle all accordionsHow do we assess your application?
What happens next?
Need help?
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Let us answer your question via phone, email or webchat. And if we can't help, we'll put you in touch with someone who can.
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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.
