The Victorian Government has announced a new round of grants aimed at assisting small to medium manufacturers through the Business Competitiveness Program.
The Business Competitiveness Program will assist small and medium manufacturers with an existing presence in Victoria to expand their manufacturing operations and implement new manufacturing technologies and processes that provide a critical foundation for generating sustainable new local jobs.
The program aims to create jobs, increase industry competitiveness, and help strengthen local supply chains in traditional and emerging manufacturing sectors where Victoria has competitive advantages.
Grants of up to 33 per cent of eligible project expenditure, up to a maximum grant amount of $500,000, will be allocated on a competitive basis for projects to be completed within 18 months of receiving the grant. What this means is that for every $2 you spend on eligible projects, the government would potentially contribute $1 to the overall cost of your project.
Eligible projects include the purchase and commissioning of capital equipment (including energy efficiency technologies), manufacturing product and process improvements, prototyping, evaluation and testing of new products and processes, and supply chain capability development.
The Business Competitiveness Program will be delivered in up to two competitive funding rounds per year, and applications will only be accepted when a funding round is open.
3E Group has a strong track record of helping clients submit grant applications on their behalf and be successfully awarded grant funding related to energy efficiency projects. Within the last 12 months, 3E Group has helped more than 20 clients secure more than $6 million in grant funding from various government programs.
Follow the link for further information about this grant.
For assistance in applying for this grant, please don’t hesitate to contact 3E Group as soon as possible – you can leverage our expertise at no upfront cost.
Applications close before 20 June 2021, however, previous grant programs were oversubscribed and application portals closed earlier than advertised. Therefore, do not delay and book your free grant service appointment today.