The Morrison Government is backing more manufacturers in Bonner to grow and create new jobs as they help secure our economic recovery, with $280 million in funding on offer.
The matched funding is available through Round 2 of the Integration and Translation Streams of the $1.3 billion Modern Manufacturing Initiative (MMI).
Applications will soon open for businesses in the six National Manufacturing Priority Areas; Space, Medical Products, Resources Technology and Critical Minerals Processing, Food and Beverage, Recycling and Clean Energy, and Defence.
Federal Member for Bonner Ross Vasta MP said our Modern Manufacturing Initiative has already proven to invest phenomenal projects which support businesses to scale-up, introduce new products to market, strengthen our supply chains and create more local jobs.
“This matched funding will help businesses turn innovative research and ideas into reality, as well as unlocking new opportunities and investment both here at home and for overseas export,” Mr Vasta said.
“With so many incredible, home grown manufactures in Bonner, we want to continue to support them to grow and prosper and this funding will help them do just that. We know our manufacturers are central to our ongoing economic recovery.”
Minister for Industry, Energy and Emissions Reduction Angus Taylor said the matched funding will help manufacturers break into new markets and translate great ideas into commercial outcomes.
“Our manufacturing sector is going from strength to strength, with more than a million Australians employed in manufacturing and strong confidence in the future of the sector.”
“We know our manufacturers will lead the charge when it comes to our economic recovery from the pandemic – and that’s why we’re investing in them to help secure our future,” Minister Taylor said.
The MMI is the centrepiece of the Government’s $1.5 billion Modern Manufacturing Strategy, designed to position Australia as a globally recognised, high-quality and sustainable manufacturing nation.
For more information and to read the guidelines visit business.gov.au/mmi
Applications will open in two tranches, starting 13 December 2021.