• The Manufacturing Growth Program is to support Victorian SMEs to expand their capacity and capabilities by providing funding for new manufacturing technologies and equipment
• It aims to improve business productivity and competitiveness within local and global supply chains
• Job creation, upskilling, reskilling are also key factors, along with supporting VIC’s transition to net zero emissions

• Competitive Grants between $50k and $250k
• Every $1 granted must be matched with a cash contribution from the business of $2
• For example a $50k grant must be matched by $100k from the business, for a total project spend of $150k 
• This is a competitive process with limited funding available for Victorian Manufacturing Businesses

• Victorian Manufacturers with at least 20 full time staff OR a minimum turnover of $1.5m
• Preference given to businesses under $100m and less than 200 employees
• Types of projects include the purchasing and commissioning of capital equipment, and associated expenditure related to manufacturing product and process improvements, prototyping, evaluation and testing of new products and processes, and supply chain capability development

• Applications must be submitted online by 5pm on the 19th December
• Outcomes are expected to be advised in April 2024
• Project activities will need to start within 30 days of the signed grant agreement, including at least 10% of project costs incurred within the first 30 days
• Projects must be compled by 30 April 2025 (12 months)
• No funding will be provided for activities started before the start date (agreed and signed grant agreement)

• Applications must be submitted online by 5pm on the 19th December
• Approved projects (notified in April 2024) will need to be completed within 12 months, by 30th April 2025
• As part of the submission, a project delivery plan will be required including project overview, resource allocation, supplier quotations, risk mitigation strategies, budget allocation
• In addition, 3 years’ audited business financials, marketing/sales plans, and financial projections will be required to be submitted
• Evidence will also be required to support that the business has adequate cash to fund the co-contribution amounts 

• Demonstrated need for government support (10%)
• Sustainable creation of jobs and skills development  (20%)
• Increased productivity and competitiveness (40%)
• Capacity and capability to deliver the project (10%)
• Ability to contribute to the sector and building resilient supply chains (10%)
• Environmental benefits and the transition to net zero emissions (10%)

Time is running out with only weeks to go to get your applications in for the Made in Victoria Grant program.

Feel free to get in touch via the chat button below or drop us an email or call with your specific requirements. [email protected] M: 0412952502

We can help you pull all the required documentation together to make a compelling case, help augment your internal team to review your applications to provide recommendations and suggestions to score higher in each assessment criteria, or support you with independent manufacturing advice to build a strong case for funding.

On the manufacturing and technology side, here are a few other ways Cyndeo can support you with the Made in Victoria Grant funding round 2.

• On-site review and discussions on potential equipment upgrades to help grow your business
• Technology review and recommendations to improve your productivity, competitiveness  and build business capabilities
• Formal Manufacturing Technology Roadmap Report you can include as part of the grant application process to support your application, provided by an independent Technology Advisor

• Independent review of available manufacturing equipment vendors and solutions 
• Scoping and sourcing of quote(s) to support your project

• Technology Advisory support to discuss your specific requirements
• Ongoing support to assist in scoping and implementing technology and equipment upgrades
• Industry 4.0 and Digitalisation strategy and implementation support
• Independent technology support (vendor-agnostic) 

Please check out the Business.vic.gov.au website for further information, or get in touch with us directly on [email protected] or 0412952502, or via the chat button below.