Backing our local manufacturing businesses to grow

The Morrison Liberal National Government’s game-changing investment to super-charge manufacturing and grow jobs is now open to local businesses, with applications sought under the $1.3 billion Modern Manufacturing Initiative (MMI).

This funding is great chance for local manufacturing businesses to scale up, create jobs and get the local the regional economy booming.

 Resources technology and critical minerals is one of the priority sectors this round of funding is targeting and as we know, we have a very strong resource-based economy in our region.

Manufacturing businesses with innovative projects in a priority area can receive funding support and be part of an important national effort to expand and enhance our manufacturing sector and create local jobs.

Through the MMI, funding is being provided to successful applicants in six national priority sectors. First rounds are now open for Resources Technology and Critical Minerals, Medical Products, and the Space sector.

Other priority sectors opening in the coming weeks are: Food and Beverage, Recycling and Clean Energy, and Defence.

Minister for Industry, Science and Technology Karen Andrews said the opening of the MMI is delivering on the Government’s commitment to transform Australia’s manufacturing base.

“Under the Modern Manufacturing Initiative, co-funded grants are available for projects which have outstanding merit, commercial potential and will provide value to Australia in advancing the development of the our manufacturing priority sectors,” Minister Andrews said.

“Taken together all the projects we fund under the MMI are designed to build Australia’s reputation as a reliable and high-value manufacturing nation and are a central element of our Modern Manufacturing Strategy.”

Two of the three investment streams under the MMI are currently open. The Manufacturing Translation Stream (MTS) will support projects to translate good ideas into new or enhanced commercial outcomes, while the Manufacturing Integration Stream (MIS) will support projects that integrate Australian businesses into global value chains, or that upgrade their existing position in a value chain.

More information on the grants is available at www.business.gov.au/mmii and www.business.gov.au/mmit