The Federal Government has announced 80+ grant recipients under the Manufacturing Modernisation Fund (MMF) Round 2.
The MMF Round 2 was a $55 million investment from the Federal Government in supporting transformative investments in manufacturing technologies and processes, and is a key part of the Government's overarching pledge to advanced manufacturing as the future of the Australian economy.
Minister for Industry, Science and Technology Christian Porter said MMF funding helps business to modernise their manufacturing processes, which improves productivity, reduces costs, enables them to target new export opportunities and creates highly-skilled manufacturing jobs.
“Australia’s manufacturing sector is vitally important to our economy, directly employing more than 900,000 Australian workers and contributing almost $120 billion to our export earnings last year,” Minister Porter said.
Funding offered to recipients ranges from $100,000 to $1,000,000, with the co-funding grant providing a maximum of 25% of eligible project expenditure.
Recipients and proposed projects include Bickford's Australia (automated bottling line), E3Sixty (e-waste recycling facility), Jenkin Bros Engineers (advanced production line for manufacturing specialised metal products), and Tindo Operations (solar panel manufacturing).
The full list of grant recipients, grant amount supported, and project descriptions can be found below (originally posted on the business.gov.au website here).
Haines Consulting Group are proud to be working with Australia's finest companies, several of which have received funding offers under this round of the MMF.
UPDATE (19/08/21):
Applications will be opening for round 3 of the MMF in the coming weeks. Contact us to discuss your eligibility and how to apply.
Full list of grant recipients
MMF Round 2 applications closed in January 2021 and were available to Australian small-to-medium enterprises (under 200 employees) who:
Had a minimum of $400,000 in eligible project expenditure.
Were able to identify the level of Australian job creation expected from your project.
Were able to demonstrate their project aligns with one or more of the six National Manufacturing Priorities.