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Funding opens for major manufacturing projects

Image depicts Australian currency

Photo by Bloomberg

11th August 2021

By: Esmarie Iannucci

Creamer Media Senior Deputy Editor: Australasia

     

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PERTH (miningweekly.com) – The clean energy, resources technology and critical minerals processing sectors are some of the benefactors of the federal government’s A$800-million funding under the Collaboration Stream of the A$1.3-billion Modern Manufacturing Initiative.

Minister for Industry, Science and Technology Christian Porter on Wednesday said that funding of between A$20-million and A$200-million is available, covering up to 33% of eligible project expenditure.

Porter said the government would strategically invest in projects that will help manufacturers to scale up and create jobs, with investments targeted at projects within the six National Manufacturing Priority areas.

“As a government we plan to harness Australia’s manufacturing capability to drive job creation and spur private investment, especially as we chart our economic recovery from Covid-19 and build our future resilience,” Porter said.

“Through the Collaboration Stream, we are determined to co-invest in industry-led proposals that will transform our National Manufacturing Priority areas, by encouraging manufacturers to move up the value chain to higher value, higher margin activities, including drawing on our world class research. 

“This is at the heart of our A$1.5-billion Modern Manufacturing Strategy which is all designed to support Australian manufacturers to scale-up, build resilience, become more competitive and create the jobs we need not only now but for generations to come.”

The six National Manufacturing Priority areas also include medical products, food and beverage, defence and space.

Applications for funding are open until September 9.

Edited by Creamer Media Reporter

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