The Australian Government is committing $52.8 million to the Manufacturing Modernisation Fund (MMF) program. This second round builds on the popular and successful first round of the program.
It will support approximately 150 firms that align with the National Manufacturing Priorities.
Fast-tracking capital investment in manufacturing will help businesses:
This funding will help build modern, agile and digitally‑enabled manufacturers who can speed up Australia’s economic recovery as part of the government’s JobMaker plan.
The MMF round two aims to address barriers to growth and innovation.
MMF round two will:
The program will offer:
The Australian Government is building on the success of the $48.3 million round one of the MMF. Round one supported around 200 projects valued at more than $215 million. These projects are expected to create around 2,600 new jobs.
MMF round two will open before the end of 2020. To be eligible for grants, businesses will need to show:
This funding complements the establishment of the Modern manufacturing Initiative.
The Minister announced initiatives to transform Australian manufacturing on 1 October 2020.Read more in Make it Happen: The Australian Government’s Modern Manufacturing Strategy