Funding to establish a Powering Australia Industry Growth Centre
Powering Australia Industry Growth Centre
What do you get?
The grant amount will be up to 60 per cent of eligible expenditure up to a maximum of $14 million. You are responsible for the remaining eligible and ineligible project costs.
Contributions to your project must be cash. You cannot use funding from other Commonwealth, state, territory or local government sources to fund your share of eligible expenditure.
Who is this for?
Australian industry organisations, research institutions and partnerships with expertise in renewable technology.
Overview
The Powering Australia Industry Growth Centre program will run over four years from 2023-24 to 2026-27. The program was announced as part of the Australian Made Battery Plan to create more jobs and greater wealth for the nation by manufacturing batteries onshore.
The program will complement the Australian Made Battery Plan by establishing the Powering Australia Industry Growth Centre (PAIGC), which will support Australian businesses in developing and adopting new renewable technologies, including batteries.
The objective of the program is to establish the national PAIGC to:
- support businesses looking to locally manufacture renewable technologies and commercialise local ideas
- encourage connection between critical minerals producers and renewables manufacturers
- facilitate partnerships between governments, research institutions, and industry to drive the development and adoption of renewable technologies in Australia
- support businesses in navigating battery regulatory barriers, and
- support First Nations businesses to contribute to the development of renewable technologies through engagement of a First Nations Business Advisor.
The intended outcomes of the program are to:
- grow Australia’s renewables technologies industry and establish Australia as a leader in renewables technologies by:
- increasing the development and adoption of renewable technologies and processes across Australian industries and firms
- increasing domestic demand for renewable technologies
- increasing Australia’s competitiveness in international renewable technologies markets
- upskilling workers to service the renewable technologies industry
- uplifting capabilities of businesses to overcome battery regulatory barriers
- developing domestic end-to-end battery and other renewables supply chains.
- increase First Nations business participation in the development of renewable technologies
- support Australia’s emission reduction targets by driving industry’s transition to clean energy through the adoption of new technologies
- support economic growth and job opportunities within the renewable technologies industry.
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