Manufacturing Modernisation Fund
At a glance
Provides small and medium manufacturing enterprises with co-funding of between $50,000 and $1,000,000 for capital investments and associated reskilling to modernise manufacturing processes, adopt new technologies, become more productive and create jobs.
Who can apply
At a minimum, you must:
- be an entity incorporated in Australia and a trading corporation
- be in manufacturing and small and medium-sized enterprises (SMEs) with up to 199 employees (headcount)
- clearly identify the level of job creation expected from your project
Other eligibility requirements apply.
The $50 million Manufacturing Modernisation Fund supports manufacturers to modernise, adopt new technologies, become more productive and create more jobs by co-funding capital investments and associated reskilling.
Modernisation can include technology upgrades, efficiency upgrades, such as energy or process optimisation, or more transformative changes to your business, which will allow you to produce new products or diversify into new markets.
The program aims to:
- support investment in efficient and transformative manufacturing processes by small and medium sized enterprises (SMEs)
- support jobs growth and a more highly skilled workforce in the manufacturing sector
The program will run over 3 years and will be delivered through two streams of funding:
- an estimated $20 million for matched grants of between $50,000 to $100,000 for small scale technology and efficiency investments
- an estimated $30 million for larger grants between $100,000 to $1 million, on a three to one funding basis, to support transformative investments in technologies and processes
The maximum grant period is 2 years.
To be eligible you must:
- 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
You must also:
- be a manufacturing small and medium-sized enterprises (SMEs) with up to 199 employees (headcount)
- clearly identify the level of job creation expected
- provide evidence from your board that the project is supported and you can complete the project and meet the costs of the project not covered by grant funding
For more information on eligibility please refer to the grant opportunity guidelines.
To be competitive you must score highly against all of the merit criteria.
- Merit criterion 1 The extent that your project will improve your manufacturing competitiveness and lead to job growth (40 points)
- Merit criterion 2 Capacity, capability and resources to deliver the project (40 points)
- Merit criterion 3 Impact of the grant funding on your project (20 points)
How to apply
You may submit one application under each of the two funding streams, however only one application can receive grant funding. If both applications are successful, you will be required to elect which project to progress to a grant agreement.
You should read the grant opportunity guidelines and sample grant agreement before you apply. Grant opportunity guidelines provide detailed information on the grant opportunity, including granting activity objectives; all eligibility and merit criteria; the assessment processes; reporting and acquittal requirements; and a description of review mechanisms.
To apply, you must submit your application through the online portal. You will need to set up an account when you first log into the portal. The portal allows you to apply for and manage a grant or service in a secure online environment.
For assistance with the application form contact us.
How we assess applications
We assess your application against the eligibility criteria and then against the merit criteria. Only eligible applications will proceed to the merit assessment stage.
An assessment committee will then assess your application against the merit criteria and compare it to other eligible applications before recommending which projects to fund.
A program delegate decides which grants to approve taking into account the recommendations of the committee and availability of grant funds.
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.
Successful applicants must enter into a grant agreement with the Commonwealth. The grant agreement will specify the reporting requirements, payment schedule and milestones necessary to receive payments.
We will make payments according to an agreed schedule set out in your grant agreement. Payments are subject to satisfactory progress on the project.
Payments will be made by direct credit into a nominated bank account.
Information sessions were offered to assist you to understand what support/assistance is available under the Manufacturing Modernisation Fund.