$50m Supply Chain Resilience Grants Program
Earlier this week the Federal Government announced that $50 million in grants will be available to manufacturers in order to improve access to critical products in times of crisis.
The $107.2 million Supply Chain Resilience Initiative will is a key part of the Australian Government's $1.5 billion Modern Manufacturing Strategy.
The initiative provides up to $2 million to projects that establish or scale manufacturing capability or a related activity to address supply chain vulnerabilities for a critical product or input identified in the Sovereign Manufacturing Capability Plan.
Minister for Industry, Science and Technology, Christian Porter, said projects could include scaling up existing manufacturing and workforce skills capability or increasing supply chain transparency through technology.
“COVID-19 has taught us that we need to be able to have access to critical products in times of crisis and that is why we are investing in projects to support our supply chain resilience,” Minister Porter said.
“Our initial analysis identified medicines, agricultural production chemicals – such as fertilisers - and personal protective equipment (PPE) as sectors of focus."
While the first tranche of funding is focused on biopharmaceuticals and agricultural production chemicals, a second tranche of analysis into semi-conductors, water treatment chemicals and telecommunications equipment is commencing shortly.
Eligibility and Funding
Eligible business are any manufacturing businesses or businesses within the manufacturing supply chain with a project that:
Can help address supply chain vulnerabilities across biopharmaceuticals (medicines) and agricultural production chemicals.
Has a minimum of $100,000 in eligible project expenditure
Matched grants of between $50,000 and $2 million will be available to eligible businesses.
Applications close 12 August 2021 5PM.
For more information on the Supply Chain Resilience Initiative, view the business.gov.au grant information page here.