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What is the Low Carbon Manufacturing Grant Program – Business Growth Stream?
The Low Carbon Manufacturing Grant Program – Business Growth Stream is an initiative to assist Victorian manufacturers to capitalise on opportunities to produce products or components.
Background
Victoria’s transition to net zero emissions will require components to be made at scale to support the shift to renewable energy and lower emission processes. This provides an opportunity for local manufacturers to grow, generating economic activity, securing well-paid jobs, increasing exports, and reducing Victoria’s reliance on volatile international supply chains.
The Low Carbon Manufacturing Grant Program – Business Growth Stream (the program) is an initiative to assist Victorian manufacturers to capitalise on opportunities to produce products or components that support the transition to decarbonisation and net zero emissions.
Objectives
The program will utilise co-investment funding to support Victorian manufacturers to increase their:
- advanced manufacturing capability to make components and products to support the transition to net zero emissions
- productivity and scale to produce renewable energy and low carbon components and products.
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Funding
Grants of between $50,000 to $250,000 are available. All grants must be matched by a minimum cash co-contribution of $2 for every $1 granted.
Eligible Projects
To be eligible, the project must involve the development or purchase of new equipment, processes, skills, or technology that directly support the making of products or components that will help the Victorian and global transition to net zero emissions.
Funding may support, but is not limited to:
- the purchase of capital equipment
- technology adoption and associated project expenditure for the manufacture of components and products that support the decarbonisation of the economy.
Eligible Applicants
The program is open to manufacturers with an existing presence in Victoria who are on a growth trajectory and require support to increase their capability to manufacture products or components for local and global supply chains associated with the transition to a low carbon economy.
Applicants must meet the following criteria to be eligible for assistance under the program:
- be an eligible legal entity; and
- hold an Australian Business Number (ABN); and
- be an employing business registered for WorkCover insurance with WorkSafe Victoria; and
- agree to meet any co-contribution requirements with eligible cash expenditure
- be currently engaged in manufacturing or the manufacturing supply chain or demonstrate a genuine commercial connection to the manufacturing supply chain in Victoria.
- attest that they:
- agree to conduct the proposed activities in Victoria
- have met all industrial relations obligations as an employer in accordance with the National Employment Standards; and
- will participate in future program evaluation activity; and
- will provide financial reports for the last three financial years to enable the Department of Jobs, Precincts and Regions (the department) to conduct a Financial Risk Assessment (FRA).
Need Assistance?
Call 1300 658 508
Timing
Applications close 16 November 2022.
