There is no doubt that Government grants offer vital support to drive innovation, improve competitiveness, and strengthen the nation’s economic growth. As advanced manufacturing emerges as a core pillar of Australia’s industrial future, businesses in this industry are increasingly embracing cutting-edge technologies such as automation, robotics, and data-driven processes. This transformation not only boosts productivity and efficiency but also positions Australian manufacturers to excel on a global scale.
However, the journey to becoming globally competitive is not without challenges. Scaling up, integrating new technologies, and navigating industry shifts require both strategic guidance and financial backing. Recognising this, it’s essential for manufacturing leaders to take advantage of the right grants, break down their requirements, and execute successful applications to maximise growth potential and drive long-term success.
In this article, we’ll explore five key grants available to Australian manufacturers, providing crucial financial resources to foster innovation, build capacity, and propel industry advancement.
Matched funding to boost Queensland manufacturers’ competitiveness
The MIQ grant supports Queensland manufacturers in adopting advanced equipment, technologies, and innovative processes. The focus includes energy efficiency, export growth, reshoring initiatives, supply chain enhancements, sustainability measures, and decarbonisation.
This $121.5 million program aims to drive productivity, international competitiveness, and high-skill job creation within the manufacturing sector. Since its inception in 2017, MIQ has backed 160 manufacturing projects statewide.
Businesses must:
Support for capital equipment purchases by Tasmanian manufacturers
This program provides funding assistance to Tasmanian advanced manufacturers, enabling them to purchase capital equipment that boosts productivity and business growth. By fostering innovation, the initiative aims to strengthen Tasmania’s manufacturing industry and elevate its competitive edge.
The matched funding available is competitively based and assessed on the stated criterion. Eligible expenditure can cover commissioning costs, as well as plant and equipment to be used in the manufacturing process.
Businesses must:
Promoting the Northern Territory’s advanced manufacturing capacity
This fund supports projects that enhance the Northern Territory’s advanced manufacturing ecosystem. The initiative seeks to drive local industry growth, foster collaboration, and develop a skilled workforce, focusing on sustainable and innovative manufacturing solutions.
Support is available for NT projects that are focused in commercialise new products, including transition innovations from prototype to full-scale operations (Stream 1), and advance early-stage or pilot research in advanced manufacturing (Stream 2).
Businesses must:
Funding to boost Queensland’s regional manufacturing capabilities
This program supports manufacturers in key Queensland regions by providing funding to enhance competitiveness, productivity, and innovation. Grants focus on skills development, technology adoption, and business development, driving regional manufacturing growth.
The $33.5 million Manufacturing Hub Grant Program (MHGP) offers grants to eligible businesses in the Cairns, Central Queensland, Gold Coast, Mackay, and Townsville SA4 regions.
Businesses must:
Tax support for Australian companies undertaking R&D
The R&D Tax Incentive offers up to 43.5% tax offsets to support Australian companies investing in R&D. It aims to encourage businesses to undertake innovative projects, develop new products or processes, and enhance competitiveness on a global scale. The program covers a range of eligible R&D activities aligned with government guidelines.
To qualify, businesses must conduct eligible R&D activities as defined by program requirements and be incorporated in Australia.
Want to learn more about the R&D Tax Incentive? Click here to explore program details, eligibility requirements, and find out how our team of experts can help your business claim up to 43.5% of your research and development costs.
By leveraging these grants, Australian manufacturers can drive economic diversification, job creation, and technological advancement — positioning Australia as a global manufacturing leader. Navigating complex eligibility requirements and maximising grant outcomes can be challenging, which is why having a knowledgeable partner is essential.
This is where FundFindrs excels. As experts in manufacturing grants, we provide comprehensive support — from identifying the best funding opportunities to crafting impactful applications and offering ongoing strategic guidance. With FundFindrs by your side, you can confidently secure essential funding, foster innovation, and elevate your business within the advanced manufacturing sector. Let us help unlock your potential and achieve lasting success. Contact us to get started.
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