Applications now open for grants between $10,000 and $100,000 for advanced manufacturers to purchase new equipment to innovate, expand and create new jobs and opportunities
The Advanced Manufacturing Accelerating Growth Program supports Tasmanian-based advanced manufacturing enterprises to become more competitive, resilient, and able to scale up to better compete in global markets. The program encourages businesses to invest in innovative equipment, leading to increased employment, increased off island trade and greater economic benefits for regional Tasmania.
Grants of between $10,000 and $100,000 are available to eligible manufacturing with annual sales turnover of between $500,000 and $30 million.
The program provides up to a 50 per cent contribution to Tasmanian-based advanced manufacturers to purchase capital equipment that can be demonstrated to meet the aims of the program.
This is the second round of this grant program and it is anticipated to be highly competitive following the results of round one that saw eight successful applicants sharing more than $707,000 for projects totally an estimated $5.3 million in investment
This grant program is open NOW and closes on Friday 25 March 2022.
For further information on the program, the grant guidelines and how to apply – follow the links below.