Local manufacturers in Hume with shovel-ready projects to increase their productivity and grow jobs are being encouraged to apply for a Manufacturing Modernisation Fund (MMF) grant.
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.
Federal Member for Hume Angus Taylor said the Government is backing businesses to back themselves and grow.
“We want to help take hard-working, local manufacturers to the next level, because we know if they prosper our community prospers,” Mr Taylor said.
“This region is home to so many terrific manufacturing businesses that are significant employers of locals.
“By helping our manufacturers become more competitive, we not only create more direct jobs but jobs in businesses right along the supply chain – from our farmers to our truckies.”
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 significant 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.
