Low Carbon Manufacturing Grant Program – Business Readiness Stream 

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What is the Low Carbon Manufacturing Grant Program – Business Readiness Stream?

The Low Carbon Manufacturing Grant Program – Business Readiness Stream is a program to assist Victorian Manufacturers to access business services, advice or expertise to participate in low carbon and renewable energy supply chains.

 

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 international supply chains.

The Low Carbon Manufacturing Grant Program – Business Readiness Stream (the program) assists small to medium size Victorian manufacturers to access business services, advice, or expertise in order to participate in low carbon and renewable energy supply chains. Funding could support technology adoption, the commercialisation or late-stage research and development of products for local and global supply chains in response to emerging market opportunities in the transition to a low carbon economy.

 

Objectives

The program will utilise co-investment funding to support the investment readiness of Victorian manufacturers to:

  • introduce new low carbon component or product manufacturing capability
  • enter new local and global supply chains for renewable energy and low carbon components
  • leverage commercial and government investments and contracts.

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Low Carbon Manufacturing Grant Program – Business Readiness Stream

Funding

Grants of up to $50,000 are available. All grants must be matched by a minimum cash co-contribution of $1 for every $1 granted.

 

Eligible Projects

Funding may support but not be limited to:

  • commercialisation of new products and components
  • market research into local and global supply chains
  • capability training for skills transition and uplift
  • business case development for major investment or business diversification
  • process innovation for low carbon manufacturing.

 

Eligible Applicants

The program is open to small to medium sized manufacturers with an existing manufacturing presence in Victoria who are on a growth trajectory and require support to access business services, advice, or expertise to capitalise on emerging market opportunities associated with the 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 not procure services from a business services provider with the same parent company, shared governance, or have common directors.

Need Assistance?

Call 1300 658 508

Low Carbon Manufacturing Grant Program – Business Readiness Stream

Timing

Applications close 20 January 2023

 

More Information

Latest News

The Victorian government has announced the recipients of the latest round of the Low Carbon Manufacturing Grants Program, with ten businesses receiving a total of $412,000 in funding.

The grants will support businesses to access business services, advice, or expertise to support participation in low carbon and renewable energy supply chains.

One of the recipients is Trans Tech Melbourne (TTM) Rail, a business that provides electrical engineering and manufacturing services for rail and tram projects in Victoria and across Australia.

TTM Rail will use the grant to consider opportunities in manufacturing technologies and subsystems for e-bus vehicles and charging infrastructure, supporting all new public transport buses in Victoria to become zero emissions from 2025.

Other recipients of the grants include:

  • Aardvark Energy (Melbourne): To develop a new method for manufacturing high-performance solar cells.
  • Bio2Watt (Melbourne): To develop a new technology to convert organic waste into renewable electricity.
  • CarbonCycle (Melbourne): To develop a new technology to capture and store carbon dioxide from industrial emissions.
  • Cyclone Energy Systems (Melbourne): To develop a new type of wind turbine that is more efficient and cost-effective than existing turbines.
  • Electrolyser Australia (Melbourne): To develop a new type of electrolyser that is more efficient and cost-effective than existing electrolysers.
  • Green Hydrogen Solutions (Melbourne): To develop a new process for producing green hydrogen at scale.
  • Greenlight Biofuels (Melbourne): To develop a new process for converting waste biomass into sustainable biofuels.
  • Renewable Energy Developments (Mildura): To develop a new type of solar farm that is more efficient and cost-effective than existing solar farms.
  • Smart Energy Networks (Melbourne): To develop a new technology to manage the electricity grid more efficiently and integrate renewable energy sources.

These grants are part of the Victorian government’s commitment to supporting businesses to transition to a low carbon economy. The government has also committed to legislating world-leading emissions reduction targets of 75-80 per cent by 2035 and net zero emissions by 2045.

This investment in low carbon manufacturing will help to create jobs and businesses in Victoria, and support the transition to a clean energy future.

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