Manufacturers, research institutions and organisations in Bonner are being encouraged to work together on job-creating projects as part of the $800 million Collaboration stream of the Modern Manufacturing Initiative (MMI).

The Government has recently launched the Collaboration stream which will support business-to-business and business-to-research collaboration across the six National Manufacturing Priorities under the MMI, the centrepiece of the Government’s $1.5 billion Modern Manufacturing Strategy.

The launch of the Collaboration stream of the MMI follows the opening of the Translation and Integration streams of the MMI earlier this year.

Federal Member for Bonner Ross Vasta MP has called on Bonner’s businesses and research organisations to consider opportunities to collaborate on job-creating projects.

“We already have a strong collaborative spirit in Bonner and this stream under the Modern Manufacturing Initiative is about seizing on that,” Mr Vasta said.

“When organisations are brought together to draw on each other’s strengths that’s when we realise enormous economic and jobs potential.”

Minister for Industry, Science and Technology Christian Porter said grants of between $20 million and $200 million will be available on a co-investment basis for large-scale collaboration projects.

“Collaboration is crucial if we are to build scale in Australian manufacturing and create the jobs we need now in the COVID-19 recovery and for generations to come,” Minister Porter said.

“We want to support transformative collaborations that will spur private sector investment, encouraging our manufacturers to work together, and work with our world class research sector to innovate and become more competitive.

“The Collaboration stream is the largest under the Modern Manufacturing Initiative, designed to turbo-charge Australia’s manufacturing sector while opening up new export markets and creating new skilled jobs.”

The six National Manufacturing Priorities are Resources Technology and Critical Minerals Processing, Food and Beverage, Medical Products, Recycling and Clean Energy, Defence, and Space.

The design of the Collaboration stream will be a single stage process. This approach will get money into the hands of successful applicants sooner, providing the boost the manufacturing sector needs to make important new investments, particularly as we continue our path to recovery in the wake of the COVID-19 crisis.

Guidelines have today been released at: www.business.gov.au/mmic

Businesses can now prepare their applications, which can then be lodged from 11 August, 2021. The program closes on 9 September 2021.

Grants will cover up to 33 per cent of eligible project expenditure.

Owning your own home is the great Australian dream and the Morrison Government is making this a reality for first home buyers and single parents with children in Bonner.

Applications are now being accepted for 30,000 additional places under the First Home Loan Deposit Scheme, the New Home Guarantee program, and the Family Home Guarantee.

The Family Home Guarantee was announced as part of the 2021-22 Budget to support single parents with dependants. This means 10,000 guarantees are now available to eligible single parent families to build a new home or purchase an existing home with a deposit of as little as 2 per cent.

Federal Member for Bonner Ross Vasta MP said, “We’re giving first home buyers and single parents with children in Bonner the opportunity to enter the housing market and buy their very own home.

“By supporting single parents and their children, the Coalition Government is helping more people in Bonner achieve the security and dignity that home ownership provides.

“With the 30,000 new places available from 1 July, now is the time for potential applicants to contact a participating bank or mortgage provider and get their applications underway.”

Assistant Treasurer and Minister for Housing Michael Sukkar said that the new places will assist Australians in achieving the aspiration of home ownership.

“The First Home Loan Deposit Scheme has been a landmark success of the Morrison Government since its commencement in 2020. 30,000 first home buyers have been supported into home ownership through First Home Loan Deposit Scheme and New Home Guarantee already,” Minister Sukkar said.

“We know how difficult it can be to buy a new home or re-enter the housing market, and that saving a deposit is the hardest part of getting into home ownership. That’s why the Morrison Government has established the new Family Home Guarantee, which recognises the challenge of saving for a deposit is that much more difficult when you are a single parent with children.

The New Home Guarantee commenced on 6 October 2020 as a temporary expansion of the First Home Loan Deposit Scheme. It will provide an additional 10,000 places for first home buyers seeking to build a new home or purchase a newly built dwelling with a deposit of 5 per cent and a construction commencement timeframe of 12 months.