The Federal Government has announced a $280 million package through Round 2 of the Integration and Translation Streams of the $1.3 billion Modern Manufacturing Initiative (MMI) to help manufacturers grow their businesses and create new jobs.
Minister for Industry, Energy and Emissions Reduction Angus Taylor said applications for the matched funding would open in two tranches on 13 and 17 December.
He said the matched funding is offered to businesses in the six National Manufacturing Priority Areas; Space, Medical Products, Resources Technology and Critical Minerals Processing, Food and Beverage, Recycling and Clean Energy, and Defence.
“Our manufacturing sector is going from strength to strength, with more than a million Australians employed in manufacturing and strong confidence in the future of the sector,” the Minister said.
“We know our manufacturers will lead the charge when it comes to our economic recovery from the pandemic – and that’s why we’re investing in them to help secure our future.
“Our Modern Manufacturing Initiative is already investing in phenomenal projects that will support businesses to scale-up, introduce new products to market, strengthen our supply chains and create more local jobs.
“This matched funding will help businesses turn innovative research and ideas into reality, as well as unlocking new opportunities and investment both here at home and for overseas export.”
For more information and to read the guidelines visit: business.gov.au/mmi.