Advanced Manufacturing Growth Fund

Overview

The $47.5 million Advanced Manufacturing Growth Fund supports capital projects to establish and expand advanced manufacturing activities in Victoria and South Australia. The program aims to transition the manufacturing sector and improve the overall efficiency and competitiveness of firms and the broader economy. It is part of the $100 million Advanced Manufacturing Fund announced as part of the 2017-18 Budget designed to boost innovation, skills and employment in advanced manufacturing in Australia. The program supports capital projects by small and medium enterprises that expand and establish advanced manufacturing using: advanced technologies design and engineering excellence innovative business processes to improve the overall efficiency and competitiveness of firms and the broader economy.  The program aims to:  increase investment in advanced manufacturing activities in Victoria and South Australia help transition Australia’s manufacturing sector from traditional, heavy industrial processes to knowledge-based manufacturing of higher value products.  The following funding amounts apply:  The minimum grant amount is $500,000. The maximum grant amount is $2.5 million. You must complete your project by 30 June 2020. Grant funding will be up to one third of your eligible project costs. The minimum project amount is $1.5 million.