News | CNC Machine Tools


Next Generation Manufacturing Investment Programme

3 March

Headland Admin

No Comments

As part of a $30million project to assist manufacturers in Victoria and South Australia, Minster Pyne has announced the “Next Generation Manufacturing Investment Programme”.

The $90 million Programme will assist employees, businesses and regions affected by the closure of Australia’s car manufacturing industry by 2017.

Round 2 of the programme is open for applications, with it closing on April 18. Minister Pyne says they are committed to assisting the industry in Australia.

“This competitive grants round will support more businesses to invest in manufacturing operations driven by technological innovation, advanced processes, and a highly skilled workforce.

“Eligible businesses will be able to compete for grants between $500,000 and $2.5 million, to up to a third of their total project costs.

“Round 1 of the programme is providing grants to 26 firms from a range of sectors, including defence and aerospace, transportation, steel, pharmaceuticals and medical devices.

“These are expected to leverage investment of over $146 million on projects that will help the businesses extend their capability and competitiveness and expand into new markets.

“Helping these firms invest in extending their manufacturing capabilities will deliver strong economic benefits for South Australia and Victoria.

“I encourage any eligible businesses looking to invest in high-value manufacturing capabilities to apply for this new funding round, which will provide an additional $30 million in support.” he said.

To read the press release from Minster Pyne, click here.

To see full details on how to apply, click here.