Are you considering an application to Round 2 of the Next Generation Manufacturing Investment Programme?
If so, information sessions have been scheduled for Thursday 25 February 2016 in Melbourne. These free AusIndustry information sessions may help you decide whether to go ahead, and what you need to do to make a competitive application.
The Next Generation Manufacturing Investment Programme supports eligible businesses to bring forward capital investment projects, helping them to establish or expand their high-value manufacturing operations in South Australia or Victoria.
In Round 2, businesses will be able to apply for grants ranging from $500,000 to $2.5m, for up to one-third of their total eligible project costs.
The programme is competitive and merit based. The assessment process will consider:
- The net economic benefits the projects will deliver to South Australia or Victoria.
- Evidence of high value manufacturing, such as a focus on technological innovation, advanced manufacturing processes and a highly skilled workforce.
- Value for money, including evidence of the impact grant funding would have on the project going ahead and the outcomes achieved.
Round 1 of the Next Generation Manufacturing Investment Programme supported 26 businesses from a wide range of manufacturing sectors, such as defence and aerospace, transportation, steel, and the pharmaceutical and medical device sectors. New Programme Guidelines have been released for Round 2, which are focused on getting the best return on investment through the grants.
Applications under Round 2 of the Programme will close on Monday, 18 April 2016. Before registering for a seminar, please read the Programme Guidelines and additional information, found here.
All prospective applicants are advised to review the eligibility and merit criteria, and the examples of projects funded through Round 1.
There are two information sessions on 25 February 2016.