$55m to help Australian manufacturers modernise and grow
The Morrison Government is supporting Australian manufacturers to innovate and grow, with $55 million in grants awarded to 86 businesses across the country under round two of the Manufacturing Modernisation Fund (MMF).
In Western Australia, Bonissimo Coffee Roasters will use its grant to help reduce the number of plastic-lined coffee cups and coffee pods ending up in landfill by installing $1.4 million worth of new equipment to manufacture cups and pods made from bio-polymers that are 100 per cent organic and fully compostable.
The upgrade will also enable the company to increase its coffee pod production six-fold, allowing it to hire more staff and pursue new export opportunities for its premium coffee products.
Other successful projects include: a lightweight digital health sensor produced in Queensland that sticks to the skin and can provide early warning of cardiac issues; new generation high-output solar panels to be made in South Australia; and a brewery expansion in New South Wales that will use world-leading thermal energy storage to reduce power consumption and chemical use.
Minister for Industry, Science and Technology Christian Porter said MMF funding helps business to modernise their manufacturing processes, which improves productivity, reduces costs, enables them to target new export opportunities and creates highly-skilled manufacturing jobs.
“Australia’s manufacturing sector is vitally important to our economy, directly employing more than 900,000 Australian workers and contributing almost $120 billion to our export earnings last year,” Minister Porter said.
“That’s why the Morrison Government is backing manufacturing businesses like Bonissimo in WA and 85 others right across the country with significant financial support to help them to modernise, innovate and grow.
“Investing in the latest manufacturing technology and equipment helps them to remain internationally competitive by improving their productivity and increasing their capacity to target new export markets for their products.
“Just as importantly, these investments also help to grow well-paid and highly skilled jobs in the modern manufacturing sector for Australian workers.
“We know that for every manufacturing job we create, at least three additional jobs are created in other areas of our economy.”
Examples of projects funded under round two of the MMF include:
- Tindo Operations Co Pty Ltd (SA) will receive $1 million towards its $5.3 million state of the art solar panel production facility. The company will produce panels specifically designed for Australian conditions and estimates up to 60 jobs will be created by the project;
- Garlo’s Pies Pty Ltd (NSW) will receive $746,571 towards a $2.96 million upgrade of its production facilities that will enabling it to increase production of pie products to 8000 units per hour. The project will create up to 27 new jobs and enable the company to pursue export opportunities for its products;
- Currumbin Minerals (QLD) will receive $934,686 to establish a $3.8 million minerals sands processing facility using world leading electrostatic and magnetic heavy minerals separation processes to enable more efficient separation of heavy minerals and rare earths;
- Medipharm Labs Australia (Vic) will receive $466,577 towards a $1.866 million upgrade of production facilities enabling it to increase production and greatly increase the purity of its medicinal cannabis products.
- First Graphene will use its $759,000 grant to carry out a $3 million upgrade of its graphene drying, blending and packaging facilities at its headquarters in Henderson. Graphene has a range of uses in the mining, automotive and battery industries and the company intends to significantly boost production to capitalise on growing global demand.
MMF round two, which builds upon the success of the first round, was a competitive merit based grants program, with applications assessed by a committee of independent industry experts.
Businesses are required to match government funding on a three-to-one basis, with government grants covering up to 25 per cent of eligible project expenditure.
The minimum grant amount is $100,000 and the maximum grant amount is $1,000,000. Projects must be completed within two years.
The grants are part of the $1.5 billion Modern Manufacturing Strategy and eligible companies need to demonstrate that their products align with one of the Government’s six National Manufacturing Priorities (NMPs).
Those priorities are Resources Technology and Critical Minerals Processing, Food and Beverage, Medical Products, Recycling and Clean Energy, Defence and Space.
For a full list of successful recipients under the Manufacturing Modernisation Fund round two, visit: https://business.gov.au/grants-and-programs/manufacturing-modernisation-fund/grant-recipients