17 October 2014
New grants program to help build the next generation of manufacturing in Australia
A new grants program to encourage manufacturing investment in South Australia and Victoria was launched yesterday.
The grants support capital investment projects in areas of high-value manufacturing; range from $500,000 to $5 million; are capped at 50% of eligible project cost and support projects for up to a 3 year period. Eligible projects must take place at a manufacturing site in South Australia or Victoria, and can include:
- buying, installing and commissioning new machinery and equipment
- altering or extending your premises to accommodate new machinery and equipment acquired through the project
- training to use and maintain new machinery and equipment acquired through the project.