Local manufacturers in the Parkes electorate with shovel-ready projects to increase their productivity and grow jobs are being urged to apply for a Manufacturing Modernisation Fund (MMF) grant by the NSW Nationals in the federal government.
Businesses can apply for co-funding grants of between $100,000 and $1 million to invest in new technology, as the NSW Nationals in the federal government continue to support the post-COVID-19 comeback.
NSW Nationals Member for Parkes Mark Coulton is calling for local manufacturers to apply following previous local success under the program.
“This government knows that manufacturing is central to our region’s economic future and creating jobs for the COVID-19 recovery,” Mr Coulton said.
“Earlier this year, Ben Furney Flour Mills in Dubbo received $1 million under the MMF, with a further $747,000 going to Allshelter Lake Cargelligo.
“These funds are giving manufacturing businesses the confidence and certainty they need to invest in themselves, to deliver new and innovative products and services.
“This is about providing more products for Australians and opening up new opportunities for manufacturers to take on the world with their top-quality products.
“We want to help take hard-working manufacturers like Ben Furney Flour Mills and Allshelter Lake Cargelligo to the next level, because we know if they prosper our community prospers, and so too does our nation.”
The first round of the MMF saw the NSW Nationals in the federal government invest $48.3 million into nearly 200 projects, which are expected to create around 2,600 new jobs.
Round 2 projects will need to align with the National Manufacturing Priorities announced as part of the government’s Modern Manufacturing Strategy: Resources Technology & Critical Minerals Processing; Food & Beverage; Medical Products; Recycling & Clean Energy; Defence; and Space.
Applications for MMF Round 2 are open until January 21, 2021. For more information, including how to apply, visit business.gov.au/mmf.