Funding of up to the value of $250,000 will be available under the IMT scheme to assist Victorian manufacturers to purchase and integrate new technologies into their business.
Investing in Manufacturing Technology (IMT) grants is a major initiative under the Victorian Government’s manufacturing strategy, A More Competitive Manufacturing Industry: New Directions for Industry Policy and Manufacturing.
Eligible expenditure includes capital costs and other project-related non-capitalised expenditure that will improve productivity and competitiveness, strengthen capability and have a transformative impact into business.
Business all sizes may apply. All grants must be matched by a minimum co-contribution of $3 for every $1 granted. Purchasing technology that is embedded in equipment and machinery should be central to proposed projects. Projects should also involve integrating the technology into the business, which may also include some facility redesign and training.
For further information on these exciting opportunities and to see if your business qualifies for the government subsidies, please contact our office on 1800 785 972
