The Tasmanian government has launched grant programs providing funding for capital equipment purchases and tender writing.
In an announcement on Monday, manufacturing minister Jeremy Rockliff said that the Advanced Manufacturing Accelerating Growth Grants program, budgeted at $ 3 million, would provide matched funding of between $10,000 and $100,000 for new equipment.
There would be four funding rounds over two years, expected to begin next month. Manufacturers with revenues between $500,000 and $20 million would be eligible to apply under the program, designed to help them “to become more competitive, resilient and able to scale up” to export.
The Tender Incentive Program would provide $600,000 in assistance over the next two years to part-fund “professional bid and tender writing services to prepare defence and other specialist tenders.”
Manufacturers with between $300,000 and $20 million are eligible to apply for the program, which would cover up to 50 per cent of costs.
More information can be found here.
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