Over the next three years the $60 million Manufacturing and Industry Development Fund will help to build Victoria’s sovereign manufacturing capability by providing grant support to Victorian businesses in key growth sectors across the state.
The Fund will support the creation of around 1000 new jobs in its first year, driving economic recovery and ensuring Victorian industry remains sustainable and can continue to thrive into the future.
Business Competitiveness Program
The Business Competitiveness Program will assist eligible small and medium Victorian manufacturing businesses to expand their operations and implement new adaptive manufacturing technologies and processes with grants of up to $500,000 available.
Please note: A second program will be launched under the Manufacturing and Industry Development Fund in the coming months.