Advanced Manufacturing Growth Fund

At a glance

Closed

Provides small and medium enterprises with funding of between $500,000 to $2.5 million to cover up to a third of eligible project costs for capital projects that establish or expand advanced manufacturing activities in Victoria and South Australia.

Who can apply:

At a minimum, you must:

  • be a small or medium enterprise (SME) with up to 199 full time equivalent employees
  • be an entity incorporated in Australia
  • have an Australian Business Number (ABN).

Other eligibility requirements may apply.

Contact information:

13 28 46

business.gov.au/contact

Overview

The $47.5 million Advanced Manufacturing Growth Fund supports 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. It is part of the $100 million Advanced Manufacturing Fund announced as part of the 2017-18 Budget designed to boost innovation, skills and employment in advanced manufacturing in Australia.

The program supports capital projects by small and medium enterprises that expand and establish advanced manufacturing using:

  • advanced technologies
  • design and engineering excellence
  • innovative business processes
to improve the overall efficiency and competitiveness of firms and the broader economy.

The program aims to:

  • increase investment in advanced manufacturing activities in Victoria and South Australia
  • help transition Australia’s manufacturing sector from traditional, heavy industrial processes to knowledge-based manufacturing of higher value products.

The following funding amounts apply:

  • The minimum grant amount is $500,000.
  • The maximum grant amount is $2.5 million.
  • The maximum project period is 30 months and you must complete your project by 30 June 2021.
  • Grant funding will be up to one third of your eligible project costs.
  • The minimum project amount is $1.5 million.

If you would like to be notified of program updates, please register your interest.

Register to receive updates

Eligibility criteria

To be eligible you must:

  • be a small or medium enterprise (SME) with up to 199 full time equivalent employees
  • be an entity incorporated in Australia
  • engage in trading activities that:
    • form a sufficiently significant proportion of its overall activities; or
    • are a substantial and not merely peripheral activity of the corporation.
  • have an Australian Business Number (ABN)
  • be registered for the Goods and Services Tax (GST).

You are not eligible to apply if you are:

  • income tax exempt
  • an individual, partnership or trust (however, an incorporated trustee may apply on behalf of a trust)
  • a Commonwealth, state and local government agency or body (including government business enterprises.

To be eligible your project must:

  • occur in Victoria or South Australia or both
  • have at least $1.5 million in eligible expenditure
  • include buying, constructing, installing or commissioning manufacturing capital equipment
  • result in commercial production ready manufacturing.

For more information on eligibility please refer to the Program Guidelines.

Merit criteria

To be competitive you must score highly against all of the following merit criteria:

  • Merit criteria 1 (40 points) - The advanced manufacturing benefits for your business and the broader economy.
  • Merit criteria 2 (20 points) - Impact of grant funding on your project.
  • Merit criteria 3 (40 points) - Your capacity, capability and resources to deliver the project.

For more information on merit please refer to the Program Guidelines.

How we assess applications

If your application is eligible, we will assess it against the merit criteria. An independent committee will assess each application against the merit criteria and compare it to other eligible applications in a funding round before recommending which projects to fund. The Minister for Industry, Innovation and Science will make the final decision on which projects to fund.

If your application is successful

If your application is successful, you will receive a written offer. If you are unsuccessful, we will notify you in writing and give you the chance to discuss the outcome with us.

If your application for an Advanced Manufacturing Growth Fund grant is successful, you will enter into a grant agreement with the Commonwealth. The grant agreement will contain the schedule of payments.

We may make an initial payment when we sign (execute) the agreement. We will make subsequent payments in arrears after we have received and accepted a satisfactory milestone report and based on your actual eligible expenditure. Payments will be made by direct credit into your nominated bank account.

Key documents

  • Program guidelines
  • Factsheet
  • Sample application form
  • Accountant declaration
  • Sample grant agreement

Grant recipients

View the grant recipients for round 1 under the Advanced Manufacturing Growth Fund.

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