The Department of Industry is encouraging Australia’s space industry to apply for round two of the Commonwealth government’s Manufacturing Modernisation Fund (MMF) grants, which are now open.
Round two of the Manufacturing Modernisation Fund supports transformation in small and medium manufacturing businesses, it provides co-funded grants to transform manufacturing and to support job growth and a more highly skilled workforce – $50 million will be available for this grant opportunity from 2020-21 to 2022-23
As the first of the key initiatives to be launched under the Australian government’s $1.5 billion Modern Manufacturing Strategy, round two of the MMF is helping to modernise our manufacturing sector. It will stimulate business investment in new technologies and processes through co-funding capital investments to deliver jobs growth.
Australian businesses can apply for grants of $100,000 - $1 million to invest in new manufacturing technologies that will increase productivity, create new jobs and drive economic growth. These are all critical to Australia’s recovery from COVID-19.
Round two of the MMF supports manufacturers by co-funding capital investments and associated reskilling to:
The program aims to support SMEs through:
Round two will run over three years (2020-21 to 2022-23) and supports transformative investments in technologies and processes, including:
The maximum project period is two years.
Under round two of the MMF, eligible projects need to demonstrate alignment with one or more of the National Manufacturing Priorities:
Round two of the MMF builds on the success of the previous round, which committed grant support for up to 200 projects that are expected to create around 2,600 new jobs.
Applications will be open until 21 January 2021. Further information is available here.
Receive the latest developments and updates on Australia’s space industry direct to your inbox. Subscribe today to Space Connect here.