Government backs manufacturers with $800 million for collaborative projects
The Morrison Government is backing Australian manufacturers with $800 million in funding to encourage collaboration on major job-creating projects as part of the $1.5 billion Modern Manufacturing Strategy.
The guidelines for the Collaboration Stream of the Modern Manufacturing Initiative were published today, with funding between $20 million and $200 million available for large-scale projects. This funding will cover up to 33 per cent of eligible project expenditure.
Minister for Industry, Science and Technology Christian Porter said the Collaboration Stream will see the Government strategically invest in projects that help manufacturers to scale up and create jobs, with investment targeted at supporting projects within the National Manufacturing Priorities.
“Australians know that strong, successful manufacturing businesses make for a stronger country. We want to co-invest in transformative, industry-led proposals that will spur private sector investment, encouraging our manufacturers to draw on each other’s strengths and harness our world class research,” Minister Porter said.
“The Collaboration Stream is the largest component of our Modern Manufacturing Strategy, and focuses on long-term transformation in the National Manufacturing Priority areas to support job creation and investment in Australian manufacturing.”
Our $1.5 billion Modern Manufacturing Strategy supports Australian manufacturers to scale-up, build resilience, become more competitive and create jobs. The Strategy will harness Australian manufacturing capability and help drive our economic recovery from COVID-19 and future resilience.
Project funding under the Collaboration Stream will support business-to-business and business-to-research collaboration across the Morrison Government’s six National Manufacturing Priority areas – medical products, clean energy and recycling, food and beverage, defence, space and resource technology and critical minerals.
Applications can be lodged between 11 August and 9 September.
The Collaboration Stream guidelines can be viewed at: www.business.gov.au/mmic
For more information on the Collaboration stream and how it fits under the Modern Manufacturing Strategy visit: www.industry.gov.au/manufacturing