$250,000 of capital funding!
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What is the Made in Victoria – Manufacturing Growth Program?
The Made in Victoria – Manufacturing Growth Program provides Victorian manufacturers with up to $250,000 to purchase new equipment, improve existing products and processes, test new products and processes and develop supply chain capability.
Which Victorian manufacturers have we helped before?
$500,000
Greenbear is a processor of waste and recycled materials. They received funding to build a fully-automated waste sorting line for residential Construction and Demolition (C&D) waste more feasibly and efficiently than current disposal methods.
$1,200,000
Harry & Larry’s manufacture a range of specialty ice creams. They received funding to expand their factory with custom engineered production lines to make a range of gourmet ice creams and desserts in complex shapes and layers.
$765,000
Cottage Cheese Farm is a speciality cheese manufacturer making mainly Haloumi, Ricotta and Mozzarella cheeses. They received funding to assist with construction of a $6M purpose built cheese and yoghurt manufacturing facility.
$250,000
Abey is a manufacturer of plumbing and building products. They received funding to buy five high-speed of five robots. The main innovation was the use of a vision system to identify objects on 3 conveyors.
$74,000
Osteon Medical manufactures a range of dental and facial implant prosthetic products. They received funding to purchase a 5 axis simultaneous CNC milling machine.
$141,700
Keech is a manufacturer of high integrity steel castings. They received funding to purchase a 3D digital printer for prototyping and pattern making.
$135,000
AMR Hewitts is a print packaging for the pharmaceutical industries. They received funding to purchase a new forme cutting machine to reduce turnaround times.
$250,000
Class Plastics is a manufacturer of industrial and retail plastic liquid containers. They received funding to purchase a series of accumulated blow moulding machines and feed-in conveyors.
There is more to this list, but you get the picture! Get an expert on your team NOW.
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Background
The Made in Victoria – Manufacturing Growth Program is an initiative launched by the Victorian Government to support the growth and competitiveness of the state’s manufacturing sector.
The Made in Victoria – Manufacturing Growth Program is part of the Victorian Government’s broader strategy to create jobs, drive innovation, and promote economic growth in the state’s manufacturing sector.
Through this initiative, the government aims to help local manufacturers become more competitive and sustainable, and to position Victoria as a leading centre for advanced manufacturing.
Objectives
The Made in Victoria – Manufacturing Growth Program will assist manufacturers with an existing presence in Victoria to:
- expand their capacity and capability by implementing new manufacturing technologies
- improve productivity and competitiveness in local and global supply chains
- create new jobs, upskill and reskill workers
- support the transition to a low carbon economy
Outcomes
The outcomes of The Made in Victoria – Manufacturing Growth Program are:
- to strengthen the Victorian manufacturing sector by adopting and integration of advanced technologies in manufacturing and the creation of high-value jobs;
- the development of sovereign manufacturing capability and more resilient supply chains in Victoria;
- greater capability for businesses to capture emerging opportunities in improved global competitiveness; and
- to support projects which support Victoria’s transition toward zero emissions.
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Funding
Grants of up to $250,000 are available. All grants must be matched by a minimum cash co-contribution of $2 for every $1 granted.
Eligible Applicants
To be eligible for the Made in Victoria – Manufacturing Growth Program you must:
- be currently engaged in manufacturing in Victoria
- employ at least 20 FTE staff
- have an annual turnover of greater than $1.5 million
Eligible Projects
You should focus on projects that fall within these priority areas, which are:
- Market Access and Export: Projects that increase market access for Victorian manufacturers, improve their export capabilities, and expand their global reach.
- Innovation and Technology: Projects that support the development and adoption of new manufacturing technologies and processes, promote innovation, and increase productivity.
- Supply Chain Capability and Diversity: Projects that strengthen the manufacturing supply chain in Victoria, improve supply chain management and logistics capabilities, and enhance the diversity and resilience of the sector.
- Skills and Training: Projects that support the development of workforce skills and capabilities, provide training and education opportunities for employees, and enhance the industry’s capacity to attract and retain skilled workers.
Eligible Expenditure
The Made in Victoria – Manufacturing Growth Program will support the purchase and commissioning of capital equipment (recorded as fixed assets in the applicant’s accounts) and associated project expenditure related to manufacturing product and process improvements, prototyping, evaluation and testing of new products and processes, and supply chain capability development.
Timing
Applications close 6 April 2023.
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How to get the Manufacturing Growth Program grant?
You should focus on demonstrating how your project:
- Supports the growth and development of the manufacturing sector in Victoria.
- Encourages innovation and the adoption of new technologies and processes to improve competitiveness and productivity.
- Facilitates investment in the manufacturing sector and the creation of new job opportunities.
- Supports the development of sustainable business practices and the adoption of renewable energy and clean technologies.
- Strengthens the manufacturing supply chain in Victoria.
- Increases the export capacity and market diversification of Victorian manufacturers.
Example of a good project – Medtech manufacturer
The medical device company is seeking to develop a new manufacturing process that will improve the efficiency and scalability of its production line.
The project will involve the adoption of advanced robotics and automation technology, which will help to reduce labour costs and increase productivity.
The company expects that this project will result in a 20% increase in production capacity and a 15% reduction in production costs, enabling them to expand their product offering and compete more effectively in the global market.
To support this project, the company would be eligible to apply for a Manufacturing Growth Program grant of up to $250,000.
This grant would cover up to 33.33% of the project’s eligible expenditure, which includes the cost of equipment, software, and consulting services directly related to the project.
The remaining 66.67% of the project’s costs would need to be funded by the company through cash.
The project costs include:
- $300,000 for the purchase of new production equipment and machinery
- $200,000 for the installation and commissioning of additional production lines
- $150,000 for the construction of a services
- $100,000 for consulting services related to project management and quality control
This project aligns with the Manufacturing Growth Program’s priority area of Innovation and Technology, as it involves the adoption of new manufacturing technologies and processes to increase productivity and efficiency.
It also supports the program’s objective of encouraging investment and job creation in the manufacturing sector, as the company’s expansion is expected to create new job opportunities.
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More Information
FAQ
The Made in Victoria – Manufacturing Growth Program is a government initiative that provides funding of up to $250,000 to support manufacturing businesses in Victoria. The program is designed to help businesses develop new products, expand their markets, improve their processes and create jobs. By accessing this grant, businesses can accelerate their growth and become more competitive in the global market.
To be eligible for the grant, businesses must be a legal entity registered in Victoria, hold an Australian Business Number (ABN), be an employing business registered for WorkCover insurance with WorkSafe Victoria, and demonstrate a genuine commercial connection to the manufacturing supply chain in Victoria. Businesses must also employ at least 20 full-time equivalent staff or have an annual turnover of greater than $1.5 million.
The program aims to support businesses in the priority areas of defense, construction technology, food and fiber, medical technologies and pharmaceuticals, new energy technologies, transport, and professional services. However, businesses outside of these areas may still be eligible for funding if they can demonstrate a strong case for how the grant will contribute to their growth.
Projects must clearly demonstrate how the funding will support:
- the creation of new jobs, and
- increased productivity through investment in new technologies and processes.
- With the following highly desirable:
- transition to employment security or higher value jobs, and/or
- skills development and uplift.
Grants of between $50,000 and $250,000, excluding GST, are available on a competitive basis.
Example one: If the total project cost is $150,000 (excluding GST), the maximum grant contribution will be $50,000 (excluding GST). The remaining $100,000 (excluding GST) must be covered by the Applicant.
Example two: If the total project cost is $1,000,000 (excluding GST), the maximum grant contribution will be $250,000 (excluding GST). The remaining $750,000 (excluding GST) must be covered by the Applicant.
