{"id":4749,"date":"2019-10-08T13:16:16","date_gmt":"2019-10-08T03:16:16","guid":{"rendered":"http:\/\/www.www.walshaccountants.com\/?p=4749"},"modified":"2019-10-08T13:16:16","modified_gmt":"2019-10-08T03:16:16","slug":"the-50-million-manufacturing-modernisation-fund","status":"publish","type":"post","link":"https:\/\/www.walshaccountants.com\/the-50-million-manufacturing-modernisation-fund\/","title":{"rendered":"The $50 million Manufacturing Modernisation Fund"},"content":{"rendered":"<p style=\"text-align: center;\"><strong>Are you, or anyone you know, in Manufacturing?\u00a0<\/strong><strong>Could you\/they benefit from<\/strong><\/p>\n<h1 style=\"text-align: center;\"><strong><em><u>The $50 million Manufacturing Modernisation Fund<\/u><\/em><\/strong><\/h1>\n<p>Earlier this month, our Principal Consultant Gavin Austin attended an <a href=\"https:\/\/www.business.gov.au\/assistance\/search\">AusIndustry<\/a> briefing on a new \u201c<a href=\"https:\/\/www.business.gov.au\/assistance\/manufacturing-modernisation-fund\">Manufacturing Modernisation Fund<\/a>\u201d.\u00a0 The fund will potentially benefit any SME manufacturing business<\/p>\n<p style=\"text-align: center;\"><strong><em><u>Applications for this grant close at 4.00 pm Thursday 31 October, 2019 <\/u><\/em><\/strong><\/p>\n<p style=\"text-align: center;\"><strong><em><u>with no extensions granted.<\/u><\/em><\/strong><\/p>\n<h2><\/h2>\n<h2 style=\"text-align: center;\"><strong>Purpose of the Manufacturing Modernisation Grant<\/strong><\/h2>\n<ul>\n<li>Supports manufacturers to modernise, adopt new technologies, become more productive, and create more jobs by <strong><em><u>co-funding<\/u><\/em><\/strong> capital investments and associated reskilling.<\/li>\n<\/ul>\n<ul>\n<li>Modernisation includes technology upgrades, efficiency upgrades, process optimisation, or more transformative changes to enable new product development or diversification into new markets.<\/li>\n<\/ul>\n<p><strong>Aims<\/strong><\/p>\n<ul>\n<li>Support investment in efficient and transformative manufacturing processes by small and medium sized enterprises (SMEs)<\/li>\n<\/ul>\n<ul>\n<li>Support jobs growth and a more highly skilled workforce in the manufacturing sector<\/li>\n<\/ul>\n<p><strong>Duration &amp; Dollars <\/strong><\/p>\n<p>The program will run over 3 years and will be delivered through two streams of funding:<\/p>\n<ul>\n<li>An estimated $20 million for matched grants of between $50,000 to $100,000 for small scale technology and efficiency investments\u00a0 (1 to 1 funding)<\/li>\n<li>An estimated $30 million for larger grants between $100,000 to $1 million<strong><em><u>, on a three to one funding basis,<\/u><\/em><\/strong> to support transformative investments in technologies and processes<\/li>\n<\/ul>\n<p>The maximum grant period is 2 years.<\/p>\n<p><strong>Eligibility Criteria<\/strong><\/p>\n<ul>\n<li>Must incorporated entity (including a corporate trustee of a trust)<\/li>\n<li>SME with 199 employees or less<\/li>\n<li>Identify level of job creation<\/li>\n<li>Provide written evidence that project is supported by business owners &amp;\u00a0costs can be covered not covered by grant funding<\/li>\n<\/ul>\n<p>The criteria are assessed on a merit basis.<\/p>\n<hr \/>\n<p style=\"text-align: center;\">If you would like to discuss how this grant could be of benefit to your Manufacturing Business, or discuss your eligibility, please contact Gavin Austin as soon as possible.<\/p>\n<p style=\"text-align: center;\">E: <a href=\"mailto:gavin@walshaccountants.com\">gavin@walshaccountants.com<\/a>\u00a0 Ph: 5592 3644 \u00a0M: 0404 415 300<\/p>\n<p style=\"text-align: center;\">With the grant closing on Thursday 31<sup>st<\/sup> October, he would need discuss this with you no later than Friday 25<sup>th<\/sup> October.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Are you, or anyone you know, in Manufacturing?\u00a0Could you\/they benefit from The $50 million Manufacturing Modernisation Fund Earlier this month, our Principal Consultant Gavin Austin attended an AusIndustry briefing on a new \u201cManufacturing Modernisation Fund\u201d.\u00a0 The fund will potentially benefit any SME manufacturing business Applications for this grant close at 4.00 pm Thursday 31 October, [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":4750,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"sfsi_plus_gutenberg_text_before_share":"","sfsi_plus_gutenberg_show_text_before_share":"","sfsi_plus_gutenberg_icon_type":"","sfsi_plus_gutenberg_icon_alignemt":"","sfsi_plus_gutenburg_max_per_row":"","_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","_vp_format_video_url":"","_vp_image_focal_point":[],"footnotes":""},"categories":[64,67,14],"tags":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>The $50 million Manufacturing Modernisation Fund | Walsh Accountants<\/title>\n<meta name=\"description\" content=\"The new \u201cManufacturing Modernisation Fund\u201d - This Grant has the potential to benefit any SME manufacturing business. 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