Plantation Manufacturing Innovation and Investment Fund (PMIIF)

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Plantation Manufacturing Innovation and Investment Fund (PMIIF)

$16M program that supports innovation in wood manufacturing to broaden the timber industry and to increase demand for hardwood plantation timber in Tasmania.
 Plantation Manufacturing Innovation and Investment Fund
 

Overview

The Plantation Manufacturing Innovation and Investment Fund (PMIIF) will support investment in new Tasmanian activities, innovations and technologies, including in plant and equipment, focused on solid and reconstituted hardwood plantation wood manufacturing to broaden the timber industry and to increase demand for hardwood plantation timber.

PMIIF Projects that do not involve a sustained net increase in economic activity in Australia or that involve a relocation of activity to Tasmania from other states and territories will not be funded under the PMIIF program.

The PMIIF will be administered by AusIndustry as a competitive, merit-based grants program. AusIndustry is a Division within the Australian Government’s Department of Industry, Innovation, Climate Change, Science, Research and Tertiary Education (the Department).

 

Objective

The objective of the PMIIF is to assist industry to transition to greater use of hardwood plantation timber in Tasmania.

 

Background

The PMIIF supports the implementation of the Tasmanian Forest Intergovernmental Agreement (Agreement) signed on 2 May 2013 between the Australian Government and the State of Tasmania who have agreed to work together to support the Tasmanian forest industry to progressively transition to a more sustainable and diversified footing, to build regional economic diversity, community resilience and to deliver important conservation benefits.

The PMIIF is one of the program elements that will give effect to the Agreement which recognises the broad impacts of the restructuring of the forestry sector across the State of Tasmania.

 

Eligible Applicants

PMIIF applicants must be incorporated, and must engage in trading or financial activities that form a substantial or significant portion of their overall current activities.

All PMIIF applicants are required to have an Australian Business Number and be registered for the Goods and Services Tax (GST).

The following are not eligible to apply for PMIIF:

  • individuals and partnerships;
  • trusts; however, an incorporated trustee can apply on behalf of a trust provided that the Commonwealth is satisfied that the incorporated trustee will remain sufficiently liable for the performance of any agreement it signs;
  • Commonwealth, State and Local Government agencies and bodies (including government business enterprises); or
  • entities that do not comply with State or Commonwealth law, such as EEqual Opportunity for Women in the Workplace Act 1999.

PMIIF applications involving collaboration between at least two entities are encouraged. The PMIIF may support cooperation between businesses and/or researchers through collaborative projects.

 

eligible Projects

An eligible PMIIF application must propose a project that:

  • meets the program policy objective of assisting industry to transition to greater use of hardwood plantation timber in Tasmania;
  • involves at least $100,000* in eligible expenditure;
  • must be undertaken in Tasmania;
  • demonstrate that any activities to be continued after the Project completion date can be undertaken without further grant funding;
  • does not involve the movement of business activity from other areas of Australia; and
  • is consistent with Australia’s international obligations, including under the World Trade Organization.

* This figure is due to the minimum grant being $50,000 which must be matched

 

Eligible Expenditure

Eligible PMIIF expenditure is defined as the direct project costs incurred in undertaking the project and may include:

  • research or scoping activities;
  • acquisition of new equipment or machinery that can be capitalised in the applicant’s accounts
  • cost incurred undertaking an independent project audit certificate;
  • construction or fit-out of a new building or extension to premises; and
  • direct labour costs incurred on employees directly implementing/and or commissioning the agreed project and associated project management costs where the expenditure is directly attributable to the project.

The following costs will not be considered eligible expenditure in PMIIF:

  • the acquisition of land;
  • preparation of the grant application;
  • full scale production and inventory costs;
  • ongoing or routine business costs, including general business management and administration not directly related to the eligible project;
  • retrospective activities (i.e. activities that occur prior to the date that the applicant and the Commonwealth execute a Funding Agreement); and
  • activities that breach occupational health and safety or public safety.

 

Expert Assistance

Writing a good quality grant application is a critical element in the application process. An application needs to be well thought through, written concisely, have clear objectives and purpose, and show clear links to the objectives of the grant guidelines.

The grant application must answer all questions, provide all required information and respond to the merit criteria. It should also reflect your organisation’s business strategy.

Writing a good application takes time and effort, and requires particular writing skills.

Bulletpoint are expert grant consultants and can assist with all aspects of grant preparation. We are an independent grants consultancy and not affiliated, associated, endorsed by any government agency.

We know what it takes to secure this grant.

Call us on (03) 9005 6789 or email to discuss further.

 

Funding

The PMIIF has funding of up to $15.8 million (exclusive of GST) during the 2013-14, 2014-15 and 2015-16 financial years.

The minimum grant under the PMIIF will be $50,000. There is no maximum grant amount under the program.

 

Timing

The PMIIF closes to applications at 5pm AEDST on 1, November 2013.

 

Selection Criteria

Eligible PMIIF applications will be assessed on a comparative basis relative to the merit of other applications received in a particular funding round against the following five equally-weighted criteria.

1. The degree to which the project will enable transition of the industry to a greater use of hardwood plantation timber.

In addressing this criterion, an application should address the following issues.

  • Describe how the activities of the project will be undertaken (research and development, feasibility study, commercialisation, proof of concept, capital investment or capacity expansion).
  • Describe the pathways to commercialisation including timeframes and stages for the transition to greater use of hardwood plantation timber.

2. The level of net economic benefit the proposed project will bring to Tasmania.

In addressing this criterion, an application should address the following issues.

  • How many sustainable jobs will be retained or created as a result of the project? On what basis have you determined this figure (eg, new sales contracts, increase in business revenue)?
  • Describe the type of investment (eg, plant and equipment, project costs, and research and development).
  • What is the impact of this project in the regions that have been affected by the downturn in the Forestry sector?
  • Projects that include innovation and/or commercialisation should provide evidence to demonstrate potential of the project through two factors:
    • market demand strategy which includes the target market and evidence of market demand; any competitive advantage of the project outcomes, strength of intellectual property and frequency of new product entry; and
    • a sound commercialisation strategy which includes market entry barriers, manufacturing and market supply strategy, timeframe to market, market growth and financing market entry.

3. The applicant’s demonstrated capacity to successfully undertake the project, including the skills, experience and resources to which it will have access

In addressing this criterion, an application should address the following issues.

  • How long has your business been operating?
  • Has your business undertaken other projects successfully in the past?
  • Who will be managing the project? What are their skills and experience?
  • Does your business have the necessary resources (eg, staff and equipment) to undertake the project?
  • Do you have the required planning or other statutory approvals in place to undertake your project?

4. The applicant’s demonstrated capacity to provide, at a minimum, matching funding for the project (matching funding may include in-kind contributions).

In addressing this criterion, an application should address the following issues.

  • Identify the total amount of funds and / or in-kind contributions your business will make to the project. (eg, details of staff costs, production costs or value of providing assets).
  • Describe how your business will fund these contributions (eg, from existing revenue, bank borrowings, assets, stock).
  • Provide evidence to show how the business is able to make these contributions.
  • Assure that the project is free of other concurrent government funding (Federal, State and Local)

5. The value for public money offered by the project as measured by the extent to which the project will be unlikely to proceed without funding support

In addressing this criterion an applicant will need to demonstrate why the project could not proceed without grant support

 

More Information

By | 2017-02-09T17:12:48+00:00 August 5th, 2013|Innovation and R&D, Manufacturing, New Grant, Tas|Comments Off on Plantation Manufacturing Innovation and Investment Fund (PMIIF)

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