Australia wide grant opportunities
A number of Australia wide resource recovery sector grants are currently open.
| Grant | Project Requirements | Funding Per Applicant |
| Australian RecyclingInvestment Fund (Ongoing) | Eligible projects are required to: – Draw on renewable energy, energy efficiency and/or low emissions technologies; – Contribute to emissions reduction; – Be solely or mainly Australian-based; – Not involve a prohibited technology (carbon capture and storage, nuclear technology or nuclear power); – Be commercial and deliver a positive return. | – Debt or equity finance – A minimum investment size of $10 million is preferred – Maximum transaction of $200 million Smaller scale projects ($10,000 to $5 million) may be eligible for debt finance through CEFC’s co-financiers. |
| Manufacturing Modernisation Fund (Applications close 5pm 21 January 2021) | Project must involve capital investment to modernise and transform manufacturing processes. Key program outcomes include: – increased innovation and enhanced productivity in manufacturing operations – increased job opportunities and upskilling in the manufacturing sector. Project must align with the National Manufacturing Priorities and improve businesses’ competitiveness and generate broader domestic economic benefits. The six National Manufacturing Priorities are: – Resources technology and critical minerals processing – Food and beverage – Medical products – Recycling and clean energy – Defence Space | – $100,000 to $1 million, 25% of eligible project costs – $50 million available You cannot use funding from other Commonwealth, State, Territory or local government grants to fund your share of eligible project costs. Eligible activities: – buying, constructing, installing or commissioning of manufacturing plant, equipment or software – integrating production-related software that is directly related to the capital investment – relevant training and skills development to assist you to integrate the new technology into your – relevant training and skills development – process design and engineering directly related to your capital investment – fit-out, alterations and/or extensions to buildings directly related to the capital investment |
| RecyclingModernisation Fund (Subject to state and territory governments’ funding guidelines) | Funding will be provided to the states and territories through National Partnership Agreements. The allocation of funding to specific projects is the responsibility of state and territory governments, who will assess their jurisdiction’s major gaps in local reprocessing capacity. | – The Australian Government will invest $190 million – Australian Government funding is contingent on co-funding from industry, states and territories. |
| R&D Tax Incentive (Ongoing applications Must be submitted within 10mths of end of income year) | – Attempting to develop a new/improved materials, products, devices, processes or services – Conducting a systematic progression of work for the purpose of creating new knowledge – Spent at least A$20,000 on the R&D Project Activities conducted in Australia | Cash benefits of: – 13.5c to 43.5c in the dollar for companies with <$20 million turnover – 8.5c in the dollar for companies with >$20 million turnover |
| Early Stage InnovationCompany (ESIC) Tax Incentive (Ongoing) | Investment in innovative, high-growth potential start-up companies. Companies must: – Have been incorporated or registered within the last three years. – Have total expenses of $1million or less in the previous income year. – Have revenue of $0 – $200,000 in the previous income year (incl subsidiaries). – Not be listed on any stock exchange. | Tax incentives, including: – 20% non-refundable tax offset on investments, capped at $200,000 per investor per year – 10 year exemption on capital gains tax, provided investments held for 12months. |
| AcceleratingCommercialisation (EOI application must first be submitted. Applications can be lodged at any time and are assessed regularly (6- 8 week cycles)). | Applicant must: – Have a novel product, process or service they wish to commercialise – Seek opportunities to trade in different states or territories to the current place of business – Own or have access or beneficial use of any intellectual property required for the project – Demonstrate ability to fund at least 50% of the project – Have received Commercial Guidance | Up to $1 million, 50% of eligibleexpenditureYou cannot use in-kind contributions or funding from other government grants to fund your share of eligible project costs. Eligible expenditure includes: – Labour expenditure (plus on-costs)o Contract expenditure – Plant expenditure – State of the art manufacturing plant or pilot manufacturing plant – Prototype expenditure – Business development and supporting activities expenditure |
| Building BetterRegions Fund –Infrastructure Projects Stream – Round 5 (Applications close 5pm Friday 5 March2021 Projects must be completed by 31 December 2022) | Projects to: – Create jobs; – Drive economic growth; – Build stronger regional communities into the future; – Be located in, or provide benefits to, an eligible (regional/remote) area; – Take place in a drought-affected location in Australia; – Be aimed at the construction, upgrade or extension of infrastructure that provides economic and social benefits to regional and remote areas; – Be an investment ready project. | $20,000 to $10 million, up to 50% or 75% of eligible project costs What will be funded – Expenditure incurred with the project period, direct costs of the project, expenditure for required project audit activities. What will not be funded? – investment fit-outPurchase of land or existing infrastructure, purchase and installation of manufacturing equipment, routine operational expenses, purchase of unfixed furniture, business case development and feasibility studies, government fees to obtain planning, environmental or other regulatory approvals, retrospective costs. |
MRA has submitted more than 200 grant applications to date, winning more than $60m in funding for our clients.
We can provide a one-stop shop to maximise your chances of success and can assist by:
- Preparing grant proposals on your behalf;
- Reviewing grant proposals;
- Source equipment providers;
- Provide costings on infrastructure;
- Prepare the business case; and
- All of the necessary financial feasibility analysis requirements.
If your organisation is interested in any of the above grant programs, please contact Emma Yuen on emma@mraconsulting.com.au or on 0416 474 642 or info@mraconsulting.com.au or on (02) 8541 6169.
