VIC MANUFACTURING AND INDUSTRY DEVELOPMENT FUND
This fund is open for applications now and there will also be another round later this year
Eligible small and medium Victorian manufacturing businesses can now access up to $500,000 through the Victorian Government’s Business Competitiveness Program to assist in the expansion of their operations and implementation of new adaptive manufacturing technologies and processes.
Grants of up to 33 percent of eligible project expenditure (to a maximum grant amount of $500,000) will be allocated on a competitive basis for projects to be completed within 18 months of receiving the grant.
Eligible projects include the purchase and commissioning of capital equipment, manufacturing product and process improvements, prototyping, evaluation and testing of new products and processes, and supply chain capability development.
The Business Competitiveness Program is designed to assist small and medium manufacturers with an existing presence in Victoria to expand their manufacturing operations and implement new manufacturing technologies and processes that provide a critical foundation for generating sustainable new local jobs.
The program aims to create jobs, increase industry competitiveness, and help strengthen local supply chains in traditional and emerging manufacturing sectors where Victoria has competitive advantages.
The Business Competitiveness Program will be delivered in up to two competitive funding rounds per year, and applications will only be accepted when a funding round is open.
Applications for the first funding round are now open, with a second round to open later in 2021 (August–September).
For more information, visit www.business.vic.gov.au/grants-and-programs