GRANTS AND INCENTIVES

Applications are open for a number of opportunities relevant to aftermarket businesses

Several State-based and national opportunities are available for businesses currently.

NSW Regional Job Creation Fund – interstate applications encouraged
The New South Wales Government recently announced a new program designed to drive more businesses and manufacturing to regional New South Wales. The program will provide grants between $100,000 and $10 million, with no more than $20,000 in funding for each new job created. The aim of the program is to:
• replace, upgrade, or adapt existing plant or equipment, including technology or energy efficiency upgrades;
• allow existing businesses in regional NSW to establish an additional production line;
• relocate a business from interstate or internationally to regional NSW; or
• onshore an activity currently being undertaken overseas to regional NSW.
To be eligible for funding, applicants must be a registered business or cooperative with an ABN, and have at least $20 million public liability insurance. Applicants can be based internationally, interstate, or in metropolitan or regional New South Wales. The Regional Job Creation Fund’s focus is to co-fund projects creating at least five sustainable regional jobs. Applicants must provide a minimum 50 percent cash co-contribution to the project.
Applications close on Friday 14 May or when funding is exhausted, whichever occurs first.

For more information, go to www.investregional.nsw.gov.au/assets/Uploads/Regional-Job-Creation-Fund-Program-Guidelines.pdf

R&D Tax Incentive
The Research and Development Tax Incentive (R&D Tax Incentive or R&DTI) helps to offset some of the costs you put into eligible R&D. To claim the R&D tax offset in your annual income tax return, you must first register your R&D activities under the R&D Tax Incentive. You must register separately for each income year you wish to claim. There is now a pre-registration checklist available to make sure your application is eligible.

For more information, go to www.business.gov.au/grants-and-programs

AMGC Commercialisation Fund now open
The Advanced Manufacturing Growth Centre (AMGC) will co-fund industry projects to commercialise innovation through the AMGC Commercialisation Fund. The Fund will support project collaborations between industry and research partners to commercialise new manufacturing products and processes.
Grants will be between $100,000 and $1 million and must be matched by industry – with a minimum of $200,000 required in eligible project expenditure. Projects will be supported within the Government’s Six National Manufacturing Priorities, including Defence. This is a grant program that is focused towards small and medium businesses. Applicants must have a minimum three project collaborators, and are required to join AMGC (at no cost).

For more information, go to www.amgc.org.au/projects

If you require assistance regarding any of the above, contact info@aaaa.com.au