Flynn manufacturers given opportunity to share in $800M Modern Manufacturing Initiative funding

“As a Government we plan to harness Australia’s manufacturing capability to drive job creation and spur private investment.”

Under the LNP’s’ $1.3 billion Modern Manufacturing initiative, Flynn manufacturers have the opportunity to apply for a share of $800 million for major job creating projects.

The Flynn electorate’s manufacturing sector continues to strengthen after staying relatively unaffected by the Covid-19 pandemic.

Under the LNP’s’ $1.3 billion Modern Manufacturing initiative, Flynn manufacturers have the opportunity to apply for a share of $800 million for major job creating projects.

Funding between $20 million and $200 million is available which covers up to 33 percent of eligible project expenditure.

Minister for Industry, science and Technology Christian Porter said the government would strategically invest in projects that would help manufacturers scale up and create jobs, with investments targeted at projects within the six National Manufacturing Priority areas.

“As a Government we plan to harness Australia’s manufacturing capability to drive job creation and spur private investment, especially as we chart our economic recovery from COVID-19 and build our future resilience,” Minister Porter said.

“Through the Collaboration Stream, we are determined to co-invest in industry-led proposals that will transform our National Manufacturing Priority areas, by encouraging manufacturers to move up the value chain to higher value, higher margin activities, including drawing on our world class research.”

Member for Flynn Ken O’Dowd called on Flynn manufacturers to lodge their applications for funding before September 9.

“Our $1.3 billion Modern Manufacturing Initiative is designed to support Australian manufacturers to build resilience, scale and become more competitive – all while creating the jobs we need in Flynn and right across the country,” Mr O’Dowd said.

The Liberal National Government’s six National Manufacturing Priority areas are: medical products; clean energy and recycling; food and beverage; defence; space and; resource technology and critical minerals processing.

Applications can be lodged from today until September 9.

More details and the guidelines are available HERE.