Following the success of the Manufacturing Modernisation Fund, a second round of the program will soon open for applications as one of the key initiatives of the Australian Government’s $1.5 billion Modern Manufacturing Strategy (the Strategy).
Delivered by AusIndustry, the Manufacturing Modernisation Fund is helping to modernise the manufacturing sector by stimulating business investment in new technologies and processes through co-funding capital investments.
Ahead of its launch, the Manufacturing Modernisation Fund Round 2 guidelines and key program information including a sample application form, have been made available for download at business.gov.au.
Under Round 2, eligible projects must align with one or more of Australia’s six National Manufacturing Priorities, identified within the Strategy as target areas where Australian manufacturing can achieve scale and generate future growth:
- resources technology & critical minerals processing
- food & beverage
- medical products
- recycling & clean energy
- defence
- space
The Strategy aims to assist Australian manufacturers to scale-up, improve their competitiveness and create jobs for now and into the future. Further information about the Strategy is available at industry.gov.au.