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Department of Economic Development, Jobs, Transport and Resources (DEDJTR)

Department of Economic Development, Jobs, Transport and Resources

The department works to increase jobs, investment, exports and opportunities in Victoria. Its integrated and strategic approach stimulates innovation, competitiveness, confidence and sustainability in Victoria's economy. IT does this through a vast range of initiatives, including several grant programs to help leverage further investment and spur jobs and growth.

Visit the DEDJTR website

Advanced Manufacturing Growth Fund

The $47.5 million Advanced Manufacturing Growth Fund supports capital projects to establish and expand advanced manufacturing activities in Victoria and South Australia. The program aims to transition the manufacturing sector and improve the overall efficiency and competitiveness of firms and the broader economy.

Name Advanced Manufacturing Growth Fund
Potential Value Co-contribution

$16.4 million on offer for manufacturers in South Australia and Victoria. The Australian Government will offer grants between $500,000 and $2.5 million to cover up to a third of eligible project costs.

Eligible Businesses

To be eligible you must:

  • be a small or medium enterprise (SME) with up to 199 full time equivalent employees
  • be an entity incorporated in Australia
  • engage in trading activities that:
    • form a sufficiently significant proportion of its overall activities; or
    • are a substantial and not merely peripheral activity of the corporation.
  • have an Australian Business Number (ABN)
  • be registered for the Goods and Services Tax (GST).

You are not eligible to apply if you are:

  • income tax exempt
  • an individual, partnership or trust (however, an incorporated trustee may apply on behalf of a trust)
  • a Commonwealth, state and local government agency or body (including government business enterprises).

To be eligible your project must:

  • occur in Victoria or South Australia or both
  • have at least $1.5 million in eligible expenditure
  • include buying, constructing, installing or commissioning manufacturing capital equipment
  • result in commercial production ready manufacturing.

Scope

To be competitive, you will need to address all merit criteria in your application.

The advanced manufacturing benefits for your business and the broader economy (40 points)
Describe the business case for the project and provide information that demonstrates:

  • the extent your project will use advanced manufacturing technologies, design and engineering excellence and innovative business processes
  • how the project will improve the efficiency and competitiveness of your business
  • the market opportunity for your project in Australia and/or internationally, and how you will take advantage of this opportunity            
  • the broader economic benefits from your project.

Impact of grant funding on your project (20 points)
You should demonstrate this through identifying:

  • the likelihood that your project would not proceed without the grant. Explain how the grant will positively impact your project, for instance in terms of size, scale and timing
  • the total additional investment the grant will leverage and explain how this benefits your project. You are required to contribute at least two thirds of the total eligible project expenditure.

Your capacity, capability and resources to deliver the project (40 points)
You should demonstrate this through identifying:

  • your track record managing similar projects and access to personnel with the right skills and experience, including management and technical staff
  • your access, or future access to, any infrastructure, capital equipment, technology, intellectual property and required regulatory or other approvals.

Name Sector Growth Program
Potential Value Co-contribution

Grants of up to $1 million.

Recipients are required to provide a co-contribution of $1 for every $1 granted.

Eligible Businesses

The Sector Growth Program provides grant funding for projects designed to support the Future Industries Sector Strategies.

Specifically, projects that will:

  • drive growth, productivity and competitiveness of Victorian firms;
  • encourage collaboration between organisations operating in the future industry growth sectors;
  • leverage co-investment into projects with clearly defined outputs/outcomes;
  • create new sustainable local jobs for Victorians; and
  • Offer value for money from Government funding.

Scope

  • Stream 1 – Scoping, Planning and Feasibility
    Grants of up to $100,000 for scoping, planning and feasibility studies directed at identifying opportunities consistent with the Future Industries Sector Strategies and offering potential for growth of Victorian businesses.
  • Stream 2 – Project Implementation
    Grants of up to $1 million to implement projects (i.e. work with defined activities, timelines, budgets and outcomes) consistent with the Future Industries Sector Strategies that will generate new jobs and increase competitiveness of Victorian firms.