Manufacturers across the Nicholls electorate with shovel-ready projects that will increase their productivity and grow jobs are encouraged to apply for a Manufacturing Modernisation Fund grant from the Federal Government.
Federal Member for Nicholls, Damian Drum, said businesses can apply for between $100,000 and $1 million in funding that will be used to invest in new technology.
“We are backing businesses to back themselves and grow,” Mr Drum said.
“We want to help take hardworking manufacturers to the next level, because we know if they prosper, our community prospers.
“The Goulburn Valley is home to hundreds of manufacturing businesses and is a significant employer of locals. By helping these businesses become more competitive, we not only create more direct jobs, but jobs in businesses right along the supply chain – from our farmers to our truckies.”
Minister for Industry, Science and Technology, Karen Andrews, said round two of the MMF was a key element of the Federal Government’s $1.5 billion Modern Manufacturing Strategy.
“The Federal Government knows that manufacturing is central to our nation’s economic future and creating jobs for the recovery from COVID-19,” Ms Andrews said.
“In these uncertain times, we’re giving manufacturing businesses the confidence and certainty they need to invest in themselves to deliver new and innovative products and services.
“We want to deliver more products for Australians, and beyond that, we want to open up more opportunities for manufacturers to take on the world with their top-quality products.”
Round one of the MMF in April saw the Federal Government invest almost $50 million into nearly 200 projects, collectively valued at more than $215 million. These projects are expected to create about 2600 new jobs.
A major change in this latest MMF funding round is that projects must align with the National Manufacturing Priorities announced as part of the Federal Government’s Modern Manufacturing Strategy.
These priorities are:
- Resources Technology & Critical Minerals Processing;
- Food & Beverage;
- Medical Products;
- Recycling & Clean Energy;
- Defence; and
Applications for round two of the MMF are open until January 21 next year.
For more information on the MMF, including how to apply, visit business.gov.au/mmf