Federal Government Launches Round 2 of the Manufacturing Modernisation Fund

December 8, 2020 Kris Gale

Immediately below is an important press release from the Federal Government regrading industry assistance.

Applications for Round two of the Manufacturing Modernisation Fund (MMF) are now open.

As the first of the key initiatives to be launched under the Australian Government’s $1.5 billion Modern Manufacturing Strategy, Round two of the MMF is helping to modernise our manufacturing sector. It will stimulate business investment in new technologies and processes through co-funding capital investments to deliver jobs growth.

Australian businesses can apply for grants of $100,000 – $1 million to invest in new manufacturing technologies that will increase productivity, create new jobs and drive economic growth. These are all critical to Australia’s recovery from COVID-19.

Under Round two of the MMF, eligible projects need to demonstrate alignment with one or more of the National Manufacturing Priorities:
• resources technology and critical minerals processing
• food and beverage
• medical products
• recycling and clean energy
• defence
• space

Round two of the MMF builds on the success of the previous round, which committed grant support for up to 200 projects that are expected to create around 2,600 new jobs.

Applications will be open until 21 January 2021.

Read more about Round two of the Manufacturing Modernisation Fund and how to apply at business.gov.au

Should you wish to discuss this matter further, please do not hesitate to contact Kris Gale on 02 9810 7211 or email kris.gale@mjassociates.com.au