26 Jul 2017
The Australian Government has created the $47.5 million Advanced Manufacturing Growth Fund to support firms to invest in capital projects to establish and expand advanced manufacturing activities in Victoria and South Australia. The program aims to transition the manufacturing sector and improve the overall efficiency and competitiveness of firms and the broader economy.
The program supports capital projects developed by small and medium enterprises that establish and expand advanced manufacturing using advanced technologies, design and engineering excellence, and innovative business processes.
The funding grants range between $500,000 and $2.5 million and firms can only apply for them when a funding round is open. It is a competitive process and firms' applications will be assessed according to eligibility and merit criteria.
To find out who is eligible for funding and what the application process involves, please click here.