29 January 2016

Next Generation Manufacturing Investment Programme Round Two opens

I am delighted to announce that Round 2 of the Next Generation Manufacturing Investment Programme will open this Friday January 29 for applications.

This $30m funding round, with $15m set aside for Victorian businesses, will provide opportunities for advanced manufacturers in the Geelong and Corangamite regions.

In Round One, HeiQ – an enterprise working with short polymer fibres and based at Deakin University – was awarded a $1.26m competitive grant to establish a commercial-scale manufacturing facility

HeiQ’s existing production machinery was designed and built in Geelong, which is a resounding vote of confidence in our capacity for advanced manufacturing.

The Next Generation Manufacturing Investment Programme is a key part of the Australian Government’s $155 million Growth Fund, targeted at employees and businesses affected by the closure of automotive manufacturing operations in South Australia and Victoria.

We have also seen grants of $340,000 for Backwell IXL from the Growth Fund earlier this month, and $1.45m delivered to Backwell IXL and MHG Glass in 2015 to assist the local economy transition to advanced manufacturing.

As our economy continues to transform, the Turnbull Government is strongly focused on driving jobs in advanced manufacturing, a key part of our National Innovation and Science Agenda.

Central to our government’s local efforts to drive advanced manufacturing jobs is the $14m Advanced Manufacturing Growth Centre to be based at Deakin Waurn Ponds. These partnerships between researchers, industry and government will accelerate high-tech jobs growth in our region.

I encourage innovative regional businesses to consider applying by accessing further information at http://www.business.gov.au/grants-and-assistance/growth-fund/Next-Generation-Manufacturing-Investment-Programme/Pages/defult.aspx