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GRANTS TO MODERNISE AUSTRALIAN MANUFACTURING IN REID

Thursday, 07 January 2021
Local manufacturers in Reid that have shovel-ready projects can apply for a Manufacturing Modernisation Fund (MMF) grant to increase their productivity and create local jobs.
 
Businesses will be able to apply for between $100,000 and $1 million to invest in new technology as the Morrison Government continues to support the post-COVID-19 comeback.
 
Dr Fiona Martin MP, Federal Member for Reid, is encouraging manufacturers in her area to apply.
 
“Reid is home to a strong industrial base in suburbs like Silverwater, Lidcombe and Homebush, with more than 700 manufacturing businesses in our area,” Dr Martin said.
 
“Applications close January 21 so I’m calling for all eligible local businesses to make sure they’ve looked into how this program could help them grow and deliver more local jobs.”
 
“By helping our manufacturers become more competitive, we create jobs directly while also supporting businesses right along the supply chain – from our farmers to our truck drivers.”

Minister for Industry, Science and Technology Karen Andrews said the MMF Round Two was a key element of the Government’s $1.5 billion Modern Manufacturing Strategy.

“The Morrison Government knows that manufacturing is central to our nation’s economic future and creating jobs for the recovery from COVID-19 and for future generations,” Minister Andrews said.

“In these uncertain times, we’re giving manufacturing businesses the confidence and certainty they need to invest in themselves to deliver new and innovative products and services.”

“We want to deliver more products for Australians, and beyond that, we want to open up more opportunities for manufacturers to take on the world with their top-quality products.”

Round One of the MMF in April saw the Government invest $48.3 million into nearly 200 projects valued at more than $215 million. These projects are expected to create about 2,600 new jobs.

The big change between Round One and Round Two is that this time we will play to our nation’s strengths, with the projects needing to align with the National Manufacturing Priorities announced as part of our Modern Manufacturing Strategy.

The National Manufacturing Priorities are Resources Technology & Critical Minerals Processing; Food & Beverage; Medical Products; Recycling & Clean Energy; Defence; and Space.

Applications for Round Two of the MMF will be open until 21 January 2021.

For more information on the MMF, including how to apply, visit business.gov.au/mmf.
 
 
Media contact
Vanessa Papastavros | 02 9715 7444 | Vanessa.Papastavros@aph.gov.au